DOE Funds Puerto Rico Solar, Storage
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Puerto Rico Energy Public Policy ActDepartment of Energy
•Biden Harris Administration Announces More Than $860 Million Loan Guarantee to Support Construction of Utility-scale Solar and Battery Storage in Puerto Rico
86% Informative
The U.S. Department of Energy announced a $861.3 million loan guarantee to finance the construction of two solar photovoltaic ( PV ) farms equipped with battery storage and two standalone battery energy storage systems.
The facilities will be located in the municipalities of Guayama ( Jobos ) and Salinas and will help deliver clean, reliable, and affordable power to communities throughout Puerto Rico .
Annually , the solar PV installations will produce approximately 460,000 MWh of energy.
Project Marahu will assist in replacing coal energy infrastructure with clean energy facilities.
Puerto Rico Energy Public Policy Act requires Puerto Rico’s utility to cease all coal-fired energy generation by 2028 and shift to a 100% renewable energy mix by 2050 .
DOE has attracted 211 applications for projects across the country totaling over $305.3 billion in requested loans and loan guarantees.
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