As part of the Biden-Harris administration’s Investing in America initiative, the U.S. Department of Energy (DOE) has announced an $861.3 million loan guarantee to support the construction of two solar photovoltaic (PV) farms and two standalone battery energy storage systems in Puerto Rico. The project, named Project Marahu, will provide up to 200 MW of solar energy and 285 MW of battery storage, generating enough power to supply 43,000 homes annually. This initiative is part of the broader effort to modernize Puerto Rico’s energy grid, making it more resilient and reducing the island’s reliance on fossil fuels, with a target of 100% renewable energy by 2050. The project will also help create 750 construction jobs and more than 50 permanent positions. Once operational, Project Marahu is expected to reduce carbon emissions by nearly 2.7 million tons annually.
DOE announces $861.3M for solar projects in Puerto Rico
The Marahu project is expected to power around 43,000 homes annually and reduce carbon emissions by 2.7 million tons of CO2e, equivalent to 533,000 cars. (Image Credit: Pixabay)
St. George Solar Park will be built on a 165-hectare former airfield in northeastern Bulgaria. (Image Source: Rezolv Energy)
The project supports agriculture through solar power under PM-KUSUM scheme. (Image Credit/Source: Kelly/Pexels)
Scout Clean Energy will handle the development, financing, and construction of the hybrid solar and battery system. (Image Source: Redeux Energy)
AMPIN Energy Transition currently operates a 410 MW solar portfolio in Rajasthan and plans to scale its renewable capacity to 1GW with this hybrid project. (Image Source: AMPIN Energy)