PR-GRID Market News - Page 6 of 8

Puerto Rico’s governor bets on microgrids for island
July 10, 2018
“We want microgrids everywhere” said the governor of Puerto Rico, Ricardo Rosselló. This, he stated, will be part of the Energy 2.0 plan which will allow citizens to choose whether they want to be connected to the grid or not. The Energy Plan 2.0 comes as an initiative to help modernize the island’s electrical grid […]
Solar company boosting residential energy independence in Puerto Rico
July 4, 2018
Sunrun, an American solar company, will work with local companies to help distribute energy storage, solar systems and batteries to local homes. The company has said that the batteries will be particularly helpful for private homes as they can be installed in one day, recharge daily and hence provide clean, constant and reliable energy […]
Puerto Rico’s Toro Negro is first solar energy community on the island
June 25, 2018
Two national companies, SOMOS Solar and Máximo Solar Industries, with the Fundación Comunitaria de Puerto Rico (FCPR), have partnered with the community organization Comunidad Toro Negro, Inc. to create an efficient solar energy system to power the region. The project will provide off-grid solar energy to 25 families who were left without electricity following Hurricane […]
Puerto Rico’s governor signs law for partial privatization of PREPA
June 21, 2018
On Wednesday this week, Puerto Rico Gov. Ricardo Rosselló signed a bill to partially privatize the utility Puerto Rico Electric Power Authority (PREPA). The law intends to sell power plants and make a concession of its transmission and distribution system, which could potentially impact the PREPA’s $8.9 billion in outstanding debt. Money from sales would […]
Solar and energy storage gets a boost in Puerto Rico
June 18, 2018
Following the influx of new solar and energy storage developers into Puerto Rico, a new trade group has formed to promote the technologies. The Solar and Energy Storage Association of Puerto Rico (SESA-PR) includes founding members such as Sonnen, Sunrun, Pura Energía, SRInergy, and Tabuchi. The group will dedicate efforts to promoting solar and storage […]
Financing secured for 100 MW solar project in Puerto Rico
June 6, 2018
Puerto Rico’s 100 MW Montalva solar project – deemed critical by the U.S. Financing Management and Oversight Board in late April – is lining up a robust financing package. Canada’s Greenbriar Capital Corp has signed $265 million mandate agreement with Pegasus Renewable Energy and Sustainable Infrastructure Credit Advisors LP, a subsidiary of Pegasus Renewable Energy […]
Tesla has 11,000 energy storage projects underway in Puerto Rico
June 6, 2018
After having completed hundreds of energy storage project on the islands in the last few months, Tesla CEO Elon Musk now says that they have ‘about 11,000’ energy storage projects underway in Puerto Rico, which means something big is in the work. This follows Musk’s announcement from May that Tesla installed batteries at 662 locations […]
Puerto Rico issues microgrid rules, gives PREPA 120 days to establish interconnection rules
May 23, 2018
Puerto Rico regulators take important steps to lay the groundwork for developing a microgrid industry as they issued final microgrid rules just five months after draft rules were released. The Puerto Rico Energy Commission issued the rules (CEPR-MI-2018-0001), ordering the utility PREPA to establish interconnection rules in 120 days. Until these rules are in place, only […]
Puerto Rico’s governor courts new investors to rebuild the power grid
April 26, 2018
Gov. Ricardo Rossello says Puerto Rico needs new money to rebuild the hurricane-damaged “1950s energy grid”. Rossello told CNBC on Wednesday that investment is needed from public and private sources to update the grid and help rebuild the island, advancing into energy 2.0. However, attracting new investors may prove difficult considering the island’s history of […]