Puerto Rico consumers unable to invest in costly solar energy technology for the home have a new option: leasing.
Solar power is red-hot these days. Yet this clean, dependable and economical energy source still has plenty of room to grow in Puerto Rico where solar homes are few.
The Puerto Rico Electric Power Authority unveiled Monday its revamped website, as part of its strategy to improve customer service and increase its transparency before the public, agency Executive Director Juan Alicea said.
Puerto Rico Electric Power Authority Executive Director Juan Alicea outlined Wednesday a strategy the agency has set off to reduce the cost of electricity on the island to 16 cents per kilowatt-hour in five years by diversifying fuel sources for power generation.
Last Thursday, the Puerto Rico senate approved a substitute bill that consolidated several of the measures that had made the leaders of the telecommunications industry unanimously oppose any possible changes to Law 213, known as the Telecommunications Law.
The Puerto Rico Electric Power Authority has reached agreements with six renewable energy companies who will now produce power that is expected to generate $63 million in savings for the agency in 20 years, Executive Director Juan Alicea said Tuesday.
A number of prominent private-sector leaders expressed their support Tuesday of Senate Bill 837, which proposes to create the Puerto Rico Energy Regulatory and Oversight Commission to, among other things, begin reeling in local electricity costs.
The Puerto Rico Public Private Partnership Authority recently announced the appointment of several advisory firms for key projects in the pipeline, namely, the commuter train from Caguas to San Juan, a new women’s correctional facility, a new men’s correctional facility, and the conversion to natural gas of the Puerto Rico Electric Power Authority plants.
The Center for a New Economy expressed its support Wednesday of the creation of an independent energy regulatory board to “rigorously oversee” the Puerto Rico Electric Power Authority’s operations, to spur an improvement in the grid and a reduction in electricity costs passed on to consumers.
A delegation of Colombian electrical industry executives traveled to Puerto Rico last week looking to establish business relationships with local companies and set the foundation for a possible expansion into the United States via this territory.
On its first trip to the market in over a year, the Puerto Rico Electric Power Authority completed a $673.1 million municipal bond deal.
The Puerto Rico Statistics Institute has requested the island’s inclusion in a monthly survey published by the U.S. Energy Information Administration that will allow more timely access to the evolution of Puerto Rico’s energy system, agency Executive Director Mario Marazzi said.
The Puerto Puerto government is planning at least three trips to the market before year’s end, looking to complete a number of bond issues to pay off debt and other public projects, members of Gov. Alejandro García-Padilla’s economic team confirmed Thursday.
Former U.S. President Bill Clinton, who visited Puerto Rico this week to discuss his views on furthering renewable energy use, told a roomful of government officials, academics, lawmakers and business leaders Tuesday that the U.S. territory has the tools to “lead the entire Caribbean in a move toward being energy-independent.”
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.
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