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 DOE announced two conditional commitments and one loan to Puerto Rico to replace its fossil fuel generation assets with solar and battery storage systems through 2032.
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One of the actions includes a $584.5 million loan guarantee to subsidiaries of Convergent Energy and Power, which will help finance a solar photovoltaic
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