Commencing immediately, the del Sol Foundation — using energy storage technology coupled with rooftop solar arrays — will begin outfitting 500 sites located throughout the island.
The funds cover expenses for emergency protective measures, debris removal and for the Sheltering and Temporary Essential Power Pilot Program.
Popular intends to use the net proceeds from the offering plus available cash to redeem $450 million aggregate principal amount of its outstanding 7.00 percent Senior Notes.
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