The energy drawn from renewable sources could represent savings of up to $240 million in energy production by 2020, resulting in significant relief to thousands of island residents who are served by the Puerto Rico Electric Power Authority, according to the findings of a study unveiled Thursday by the Renewable Energy Producers Association.
The Puerto Rico Energy Affairs Administration has a $25 million budget to provide subsidies for eligible residential and commercial renewable energy projects, representing a 20 percent increase over the $20 million available for fiscal 2013, agency Executive Director José Maeso said Wednesday.
Fourteen local non-profit organizations in Puerto Rico will be expanding their environmental conservation efforts this year after being awarded a total of $40,000 by Ford Motor Company’s Environmental Grants Program.
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