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.

How much money is available to install solar in Puerto Rico?

SAN JUAN, Puerto Rico (AP) — The U.S. Department of Energy said Thursday that $365 million is available to install solar and battery storage systems in homes and healthcare centers across Puerto Rico. Up to $190 million is available to Puerto Rico’s Housing Administration and a private company to pay for solar and battery installations

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.

Is a 1.2 GW power plant right for Puerto Rico?

“Our primary focus is the utility market, but we can reconfigure our assembly lines to manufacture residential modules as well,” Holmes said. “1.2 GW is the right size to service the Puerto Rican market and as a gateway to the larger U.S. region.”

Who is developing Puerto Rico's energy grid?

Development is led by Clean Flexible Energy, an indirect subsidiary of AES Corp. and TotalEnergies Holdings USA. A conditional loan guarantee was announced for the project in July. Puerto Rico is aiming to eliminate coal-fired energy generation by 2028 and develop a 100% renewable energy grid by 2050.

Is Puerto Rico becoming a dominant force in the solar industry?

Francisco Berrios Portela, Puerto Rico’s chief of energy, agrees that Puerto Rico is becoming a dominant force in the solar industry. “Renewable energy in Puerto Rico is advancing rapidly across multiple fronts. In recent years, the rooftop solar market has seen impressive growth, with an average of over 3,000 installations per month.