From ESS News
The Loan Programs Office of the US Department of Energy (DOE) made a conditional dedication for a mortgage assure of as much as $861 million to finance the development of solar-plus-storage tasks and standalone storage tasks in Puerto Rico.
The undertaking developer and potential borrower, Clean Flexible Energy LLC, is an oblique subsidiary of AES Corporation (AES) and TotalEnergies Holdings USA, Inc., and is managed below a three way partnership settlement between the 2.
The deliberate services, positioned within the cities of Guayama and Salinas, embody two websites consisting of 200 MW of photo voltaic co-located with 285 MW of four-hour batteries (1.14 GWh). Two different standalone battery storage areas have storage capability not disclosed by DOE.
Puerto Rico at the moment has 154 MW of utility-scale photo voltaic, in response to the US Energy Information Administration.
Distributed photo voltaic capability within the US territory reached 842 MW in April this yr, whereas residential storage reached 1.6 GWh. The consultancy Wood Mackenzie tasks that within the subsequent ten years greater than 90% of the photo voltaic addition in Puerto Rico can be distributed photo voltaic.
Puerto Rico’s Act 17 requires attaining 40% renewable era by 2025—a goal that’s at the moment very troublesome to realize—and to succeed in 60% by 2040 and 100% by 2050.
To proceed studying, please go to our ESS News web site.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].
Popular content material
