PR-GRID Market News - Page 2 of 8

Private company takes over Puerto Rico power utility service
June 2, 2021
Luma Energy, a private company, has taken over Puerto Rico’s power authority. The takeover under a 15-year contract coincided with the beginning of the Atlantic hurricane season, with many across Puerto Rico worried about the transition and whether the new company can handle a severe storm. The U.S. territory is still struggling to recover from […]
Puma Energy launches solar energy program in Puerto Rico
May 21, 2021
Puma Energy confirmed plans to install solar power at up to 200 of its retail stations in Puerto Rico, announced the company in a press conference. The goal is to reduce its carbon footprint through the installation of a clean energy source. To calculate the amount of carbon footprint the company will use a new […]
New solar energy project to add 60 MW to Puerto Rico’s electric grid
May 19, 2021
The Puerto Rico Energy Bureau (PREB) of the Public Service Regulatory Board announced today the approval of a solar energy project that will add a total 60 megawatts (MW) of generation to the island’s electric grid. This new price represents savings of $170 million during the life of the contract compared to what the Puerto […]
Puerto Rico issues RFP for 1.5GW renewables and energy storage
March 4, 2021
The island of Puerto Rico has issued a request for proposals (RFP) to construct 1GW of renewable energy capacity and 500MW of battery energy storage on the island. The Puerto Rico Electric Power Authority (PREPA) is seeking to procure renewable energy resources with a minimum generating capacity of 20MW, and 500MW of collective energy storage, […]
U.S. lawmakers say new grant gives Puerto Rico an opportunity to rebuild electrical grid using renewable energy
March 1, 2021
United States Senate Majority Leader Charles E. Schumer and U.S. Representative Nydia M. Velázquez announced that the recently issued $9.46 billion grant to the Puerto Rico Electric Power Authority (PREPA) can be used to build a more resilient and environmentally friendly electrical grid that simultaneously ensures Puerto Rico can be less energy import dependent and […]
IDB supports COVID-19 resilience in Caribbean countries
December 1, 2020
The Inter-American Development Bank (IDB) approved a US$50 million loan to support member countries of the Organisation of Eastern Caribbean States (OECS) and their response to the health, social and economic consequences caused by the COVID-19 crisis. Source
USDA awards $632,000 as part of Renewable Energy Program in rural Puerto Rico
October 12, 2020
The U.S. Department of Agriculture announced Monday it (USDA) is investing over $630,000 on the Rural Energy for America Program in Puerto Rico. Source
In blow to natural gas, Puerto Rico regulators affirm solar-centric grid overhaul
September 2, 2020
The Puerto Rico Electric Power Authority will be required to acquire thousands of megawatts of renewables and storage in the coming years, according to an order from the island’s energy regulators. Source
PREPA transmission and distribution system operator approved, questions remain
July 10, 2020
On June 22, 2020, the contract for the PREPA transmission and distribution system operator was approved. The question is if this agreement will benefit Puerto Rico’s electricity consumers. This type of agreement is normally approved by the regulator (in Puerto Rico the Energy Bureau) with broad citizen participation due to the impacts it has on all sectors of […]