Prepa - New Energy Events

Puerto Rico Energy Bureau OKs $1.2B in electrical infrastructure projects
June 18, 2021
The Puerto Rico Energy Bureau has approved $1.2 billion to be used for all electrical infrastructure projects included in the Puerto Rico Electric Power Authority’s (PREPA) 10-year infrastructure plan. Source
MPC Energy Solutions invests in cogeneration in Puerto Rico
June 8, 2021
MPC Energy Solutions N.V. has signed the acquisition of a 3.4 MW Combined Heat and Power (CHP) project in Puerto Rico. The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to an unnamed pharmaceutical company. Source
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 […]
Is Puerto Rico’s Grid Ready for Hurricane Season?

From our Editorial Team
June 29, 2020
June 1st marked the opening of Puerto Rico’s hurricane season, but it’s just one of many challenges confronting the island’s electric grid. The year opened with massive earthquakes that shut down the Costa Sur power plant, and then a pandemic upended the market and consumption patterns. Despite, or perhaps because of, these disruptions, the Puerto […]
PREPA Finalizes Contract with EcoEléctrica, Naturgy
June 25, 2020
José Ortiz, Executive Director of the Puerto Rico Electric Power Authority (PREPA) announced Monday the signing of its 12-year contract with EcoEléctrica and natural gas supplier Naturgy, with a reported $1.3 billion in savings for the corporation. Highlights of the new contract: Reduces the fixed payment for the energy produced by EcoEléctrica by ~$100 million […]
Puerto Rico Awards T&D Concession
June 25, 2020
The Puerto Rico Electric Power Authority has reached an agreement for private management of its transmission and distribution system. The Financial Oversight and Management Board (FOMB) and other government entities approved the deal to hire a U.S.-Canadian consortium for operations. Known as LUMA Energy, the consortium is a joint venture between Quanta Services and Canadian […]
New Fortress short-listed by PREPA for temporary energy production
May 11, 2020
Liquified Natural Gas provider New Fortress Energy confirmed it’s been short-listed by the Puerto Rico Electric Power Authority (PREPA) for a temporary emergency generation RFP. Released in March, the RPF seeks to lease up to 500 MW of temporary generation capacity. This would help fill an energy gap following the Jan. 6 earthquake that shut […]
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.