How will Puerto Rico benefit from a solar PV project?

Annually, the solar PV installations will produce approximately 460,000 MWh of energy, enough to power approximately 43,000 homes, and enhance Puerto Rico’s grid reliability and energy security. The co-location of the new solar and battery resources will help maximize the project’s energy production and improve grid stability.

Does Puerto Rico have a solar market?

A lot of attention is paid to Puerto Rico’s residential solar and storage market, but large-scale projects have recently seen a boost of their own. The Dept. of Energy’s Loan Programs Office is financing $861 million of a 200-MW solar and 1,140-MWh storage portfolio in the southeast portion of the island.

Will Puerto Rico get a solar loan guarantee?

The loan guarantee will finance the construction of two solar PV farms equipped with battery storage and two standalone battery energy storage systems in Puerto Rico. The facilities will be located in the municipalities of Guayama (Jobos) and Salinas and will help deliver clean, reliable and affordable power throughout Puerto Rico.

How much solar power does Puerto Rico have?

Collectively, the project comprises 200 MW of solar PV and up to 285 MW of stand-alone BESS capacity. Annually, the solar PV installations will produce approximately 460,000 MWh of energy, enough to power approximately 43,000 homes, and enhance Puerto Rico’s grid reliability and energy security.

Can Puerto Rico replace old diesel power plants with solar?

In this case, the Puerto Rico government sought federal assistance to replace some of its oldest diesel-fired power plants with solar and storage projects through the Energy Infrastructure Reinvestment Program, which was created by the Inflation Reduction Act to help repurpose or replace existing fossil fuel infrastructure, Shah said.

Does Puerto Rico need a solar system?

According to the Climate and Economic Justice Screening Tool, the Commonwealth of Puerto Rico, including the communities surrounding the Salinas and Jobos projects, face some of the greatest energy burdens in the United States. Widescale solar deployment can help benefit communities across the island by reducing Puerto Rico’s high energy costs.