Puerto Rico’s new energy policy mandates a grid powered 100% by renewables by 2050.
PREPA’s fiscal plan, published in August, calls for $12 billion in new capital investments over the next five years, much of which is earmarked for hardening and modernizing the island’s grid.
Gathering senior congressional staff, this session will seek to understand what Congress needs to see from Puerto Rico to accelerate the release of federal funds.
The incoming President of the Puerto Rico Energy Commission inherits an agency whose independence is regarded as vital both by many Puerto Rican stakeholders and international investors. The Commission was recently subsumed into a broader regulatory agency and will now be know as the Energy Bureau. What are the implications for the regulation of the energy market? Where are the lines of jurisdiction drawn between the agency and PREPA and where does the new Bureau have oversight? Elsewhere, what is the Bureau’s position on microgrids, distributed generation, and renewables?
The Government of Puerto Rico recently released a draft Puerto Rico Disaster Recovery Action Plan detailing how it intends to use the next tranche of $8.2 billion in federal CDBG-DR funding, including a $436 million program for solar and storage incentives for resilient energy and water installations; a $75-million program for Community Resilience Centers; and a $100-million revolving loan fund to support contractors facing credit risks from the disaster.
Puerto Rican private sector and municipal leaders will provide insight into their generation needs, their perspective on investment in distributed generation, and what they perceive to be the opportunity for and obstacles to the development of a robust market for distributed generation.
A panel of Puerto Rico’s mayors will expand on the growing trend to encourage investment in distributed generation in Puerto Rico’s municipalities.
What is the current status of projects approved as critical under the Title V provision of PROMESA? What does the pipeline look like? Elsewhere FOMB has expressed support for efforts to encourage investment in distributed generation projects. What is FOMB’s role in catalyzing the DG market and what resources does it have to deploy to support it?
Providers of generation and storage solutions for commercial and industrial customers will explore and showcase latest technologies and solutions. Panelists will also address critical concerns around the financing and deployment of these technologies in Puerto Rico.
This panel will explore a roadmap for investors and developers seeking to finance projects in Puerto Rico.
A panel of Puerto Rican and industry leaders will assess and respond to the day’s proceedings. Where are the roadblocks, and where are the opportunities? Does the new policy framework point to a more democratic, more resilient, more decentralized grid? Are we heading in the right direction?