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US announces $1.2 billion to help finance renewable energy projects in Puerto Rico

  • The U.S. Department of Energy announced $1.2 billion in federal funds for renewable energy projects in Puerto Rico to reduce fossil fuel dependence.
  • The funding includes a $585 million loan guarantee for a 100-megawatt solar panel system in four cities.
  • The projects will enable the storage of 455 megawatts of energy, addressing chronic power outages in Puerto Rico.
  • Puerto Rico aims to meet 40% of its electricity needs with renewable energy by 2025, as per legislation passed in 2019.
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US announces $1.2 billion to help finance renewable energy projects in Puerto Rico - WSVN 7News | Miami News, Weather, Sports

SAN JUAN, Puerto Rico (AP) — The U.S. Department of Energy said Friday it was setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to lessen its dependence on fossil fuels. The funding includes the closing of a $585 million loan guarantee to finance a 100-megawatt system of solar panels in four cities — Ponce, Caguas, Coamo and Peñuelas. The system is planned to include a 55-megawatt battery energy…

·Miami, United States
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Clean TechnicaClean Technica

U.S. DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of Convergent Energy and Power Inc. to Build Solar PV and Energy Storage in Puerto Rico - CleanTechnica

Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of ... [continued] The post U.S. DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of C…

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Washington ExaminerWashington Examiner

Blackout-plagued Puerto Rico gets more than $1 billion in DOE funding for clean energy - Washington Examiner

The Department of Energy announced Friday several actions totaling over a billion dollars to help boost grid reliability and fund clean energy systems in Puerto Rico, which has faced a number of power outages due to an unreliable electric grid.  Most recently, most of the island was left in the dark on New Year’s Eve. It has suffered more than 200 blackouts since 2022, Energy Secretary Jennifer Granholm said earlier this month. On Friday, the DO…

·Washington, United States
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KOB 4KOB 4
+5 Reposted by 5 other sources

US announces $1.2 billion to help finance renewable energy projects in Puerto Rico

SAN JUAN, Puerto Rico (AP) — The U.S. Department of Energy said Friday it was setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to lessen its dependence on fossil fuels. The funding includes the closing of a $585 million loan guarantee to finance a 100-megawatt system of solar panels in four cities — Ponce, Caguas, Coamo and Peñuelas. The system is planned to include a 55-megawatt battery energy…

·Albuquerque, United States
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ElectrekElectrek
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technewstube.comtechnewstube.com

Puerto Rico just got $1.2B in DOE financing to boost its grid with solar + storage

The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Rico’s fossil fuel plants with solar and battery storage through 2032. more…

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Travel And Tour WorldTravel And Tour World

United Airlines Flight to Puerto Rico Makes Urgent Emergency Landing at Newark Airport Due to Mechanical Issue - Travel And Tour World

A United Airlines flight bound for San Juan, Puerto Rico, was forced to make an emergency landing at Newark Liberty International Airport (EWR) earlier today due to a reported mechanical issue. According to the Federal Aviation Administration (FAA), the Boeing 767-400 crew identified the problem while flying over the Atlantic Ocean. As a safety precaution, the pilot decided to return to Newark, the flight’s departure point. The incident delayed …

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Winnipeg Free Press broke the news in Winnipeg, Canada on Friday, January 17, 2025.
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