Four months after Hurricane Maria tore through Puerto Rico, a third of the population is still without power. Beyond the urgent need to get the lights back on, critical decisions are being made as we speak about the future of the Puerto Rican grid.
Many stakeholders are calling for a decentralized, more resilient grid framed around microgrids. The Puerto Rico Energy Commission (PREC), PR’s energy regulator, tacitly supported this approach when it recently released draft regulations for investment in microgrids.
Discussions are complicated, however, by the precarious state of PREPA, Puerto Rico’s utility behemoth. Recently the Governor’s office aligned with the Financial Oversight & Management Board (FOMB) and announced that PREPA should be privatized. How that will be executed, with what implications for the grid—and for potential investors—are questions that remain unanswered.
For Puerto Rican stakeholders, decisions made now will have a generational impact on the island’s capacity to withstand future weather events, and on the competitiveness of Puerto Rico as a whole.
For potential investors and solution providers, the landscape is bewildering. Which agencies are calling the shots? What is the inter-relationship between federal and state agencies? What are the implications of the evolving regulatory environment for investors? What financing is available for projects in PR? Who are the big industrial players and key municipal leaders, and what solutions are they looking at?
Join us this May for PR-GRID in San Juan to get a full picture of Puerto Rico’s needs, meet key Puerto Rican stakeholders, and explore opportunities for investment and engagement.