PR-GRID Market News - Page 4 of 8

Webinar | Puerto Rico & COVID-19: Impact on the Grid

From our Editorial Team
April 9, 2020
How is Covid-19 impacting Puerto Rico’s energy market, and what are the implications for utility customers? On Tuesday, April 14, we explored what this means for the future of the island’s grid. To listen to this complimentary webinar, click here. The discussion covers critical issues such as: How shifts in electricity demand are impacting the […]
Puerto Rico Regulator Asks Court to Pause PREPA RSA Hearings
March 28, 2020
Puerto Rico’s Financial Oversight and Management Board (FOMB) announced that it’s filing a court motion to suspend all hearing and briefing deadlines for PREPA’s Restructuring Support Agreement. This agreement, intended to resolve the electric utitlity’s debt, would require a status report by May 15, 2020. See the full press release here.
Solving the Maze of Puerto Rico’s Grid

From our Editorial Team
March 2, 2020
Puerto Rico is still recovering from the 6.4-magnitude quake that set off massive blackouts, and hurricane season is closing in. One thing is clear—the island needs a resilient grid, now. Grid resiliency is top of mind, but at the same time, island stakeholders are exploring the pathway to 100% renewables by 2050 (per Act 17). […]
$300-Million Thermal Ocean Energy Project to Launch in Puerto Rico
February 25, 2020
The Department of Economic Development and Commerce unveiled a plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate ocean thermal energy. The project will be developed in five phases, starting with the RFQ process next month. Source
State of Play: Puerto Rico’s Grid

From our Editorial Team
February 13, 2020
In advance of the 3rd Puerto Rico Grid Revitalization Forum (PR-GRID 2020), we hosted a webinar that gathered a panel of experts to try to make sense of what’s driving grid programs and projects in Puerto Rico. To listen to this complimentary webinar now click here. The discussion covered critical issues such as: How have the earthquakes […]
PREPA’s Proposed Rate Hike Rejected; Delay Sought on RSA Hearing
February 6, 2020
The Puerto Rico Legislative Assembly recently rejected a measure that would increase electricity rates, as part of the Puerto Rico Electric Power Authority (PREPA) restructuring support agreement (RSA) with the public utility’s bondholders. The rate hike, required under the RSA, could increase electricity costs up to 20 percent over the next five years for all […]
Solar microgrids across Puerto Rico withstand quakes; boost case for distributed generation
January 20, 2020
Solar microgrids installed throughout Puerto Rico after Hurricane Maria didn’t lose power when massive earthquakes tore through the island’s electric grid earlier this month. The microgrids, many of which are permanently off-grid, were able to continue operating despite serious damage to transmission lines and power plants. Operators see this as an argument for shifting to […]
Solar producer secures $15-million financing for PV plants in Puerto Rico
January 15, 2020
Solar power producer Sonnedix recently closed on US$15 million in financing for solar photovoltaic plants in Puerto Rico. City National Bank, based in Florida, acted as the lender. Sonnedix has been operating in Puerto Rico since 2015 and currently has two operational solar PV plants on the island, with 50MW of solar power capacity in […]
Puerto Rico earthquakes cause widespread devastation and power loss
January 9, 2020
A series of earthquakes across Puerto Rico deal another blow for the already fragile power system. As of Jan 9, about 2/3 of Puerto Rico is without power, and officials say the impact from the earthquakes have caused wider devastation than Hurricane Maria. In the case of generation, one power plant has suffered sufficient damage […]