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Home » Finance » U.S. Energy Department Secures $861 Million Loan for Solar Projects in Puerto Rico
Finance

U.S. Energy Department Secures $861 Million Loan for Solar Projects in Puerto Rico

By David MartinezOctober 16, 20242 Mins Read
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The U.S. Energy Department announced on Tuesday that it has finalized an $861 million loan guarantee to fund the construction of two solar photovoltaic farms and two battery storage systems in Puerto Rico. This initiative aims to bolster the island's power grid, which has faced significant challenges following recent hurricanes, particularly Hurricane Maria in 2017,

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