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.
Over the course of a granular interview with a former U.S. Congressman and a top Washington lobbyist, we 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 known 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.
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?
This panel will explore a roadmap for investors and developers seeking to finance projects in Puerto Rico.
In December 2018, a bipartisan bill authorizing the establishment of electric cooperatives was passed by the legislature. This session will feature the participation of leading local and US-based experts to explore the implications of the bill for the Puerto Rican grid. What cooperative structures have worked in the US which might work in PR? What can we learn from the Tennessee Valley experience? Where are there opportunities for the private sector to participate?
A diverse panel of regional and international leaders will provide their perspectives on the importance of DG to a robust and competitive commercial and industrial sector in Puerto Rico. What is the opportunity, where are the obstacles, and who will provide the financing?
A panel of Puerto Rico’s mayors will expand on the growing trend to encourage investment in distributed generation in Puerto Rico’s municipalities.
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.
Since Hurricane Maria, grassroots and philanthropic organizations have installed hundreds of resilient electrical systems in Puerto Rico, addressing significant response gaps after the storm. Many have been installed at critical facilities like health clinics, hospitals, schools, water infrastructure, fire stations, and community centers. With government and private investment moving to proactively scale investment in resilient, renewable energy, how do we ensure that these new investments prioritize marginalized communities and integrate lessons from existing projects on-the-ground. In this closing panel, we will hear from community and non-profit leaders, philanthropy, and essential service providers about their biggest takeaways from the last year, and discuss avenues for innovative cross-sector partnerships towards building a modern power infrastructure that places people at the center and protects the most vulnerable.