SAN JUAN, Puerto Rico (AP) — The U.S. Department of Energy said Friday it was setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to lessen its dependence on fossil fuels. The funding includes the closing of a $585 million loan guarantee to finance a 100-megawatt system of solar panels in four cities — Ponce, Caguas, Coamo and Peñuelas. The system is planned to include a 55-megawatt battery energy…

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US announces $1.2 billion to help finance renewable energy projects in Puerto Rico

The U.S. Department of Energy says it's setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to reduce its dependence on fossil fuels

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The Department of Energy announced Friday several actions totaling over a billion dollars to help boost grid reliability and fund clean energy systems in Puerto Rico, which has faced a number of power outages due to an unreliable electric grid.  Most recently, most of the island was left in the dark on New Year’s Eve. It has suffered more than 200 blackouts since 2022, Energy Secretary Jennifer Granholm said earlier this month. On Friday, the DO…

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Blackout-plagued Puerto Rico gets more than $1 billion in DOE funding for clean energy - Washington Examiner

SAN JUAN, Puerto Rico (AP) -- The U.S. Department of Energy said Friday it was setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to lessen its dependence on fossil fuels.

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Leon Cooperman

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SAN JUAN, Puerto Rico — The U.S. Department of Energy said Friday it was setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to lessen its dependence on fossil fuels. The funding includes the closing of a $585 million loan guarantee to finance a 100-megawatt system of solar panels in four cities — Ponce, Caguas, Coamo and Peñuelas. The system is planned to include a 55-megawatt battery energy stor…

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SAN JUAN, Puerto Rico (AP) — The U.S. Department of Energy said Friday it was setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to lessen its dependence on fossil fuels.
The funding includes the closing of a $585 million loan guarantee to finance…

BizToc

The US DOE awarded a $1.7 billion loan guarantee to a New York-based green hydrogen company close to one year after the company suffered from cashflow issues that nearly sent it into bankruptcy.

Carbon Pulse

US DOE awards $1.7 bln to green hydrogen producer « Carbon Pulse

Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of ... [continued] The post U.S. DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of C…

Clean Technica

U.S. DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of Convergent Energy and Power Inc. to Build Solar PV and Energy Storage in Puerto Rico - CleanTechnica

The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Rico’s fossil fuel plants with solar and battery storage through 2032. more…

Electrek

Puerto Rico just got $1.2B in DOE financing to boost its grid with solar + storage

US announces $1.2 billion to help finance renewable energy projects in Puerto Rico

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