The almost non-stop sequence of earthquakes that have rattled Puerto Rico for the better part of the last two weeks will “exacerbate the commonwealth’s challenges as it tries to rebuild its economy,” Moody’s Investors Service said in a commentary. “The events highlight the significant environmental risks faced by Puerto Rico and businesses considering investment on […]
Sonnedix, a global independent solar power producer, announced the completion of a non-recourse financing of solar photovoltaic plants in Puerto Rico, at a value of $15 million. City National Bank, Florida’s third-largest bank, acted as lender, the company said. Sonnedix started operations in Puerto Rico in 2015, where it currently has two operational solar PV […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $2.7 million in additional funds for 22 recovery and reconstruction projects in Puerto Rico. These funds were obligated Jan. 3-9, the agencies said. “FEMA and COR3 continue to work together to develop strategies that advance […]
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