An analysis by Tom Sanzillo, director of financial analysis at the Institute for Energy Economics and Financial Analysis (IEEFA), and Cathy Kunkel, energy consultant at IEEFA. #NewsismyBusiness
A National Renewable Energy Laboratory study highlights the potential of floating solar photovoltaics and brownfield solar projects. #NewsismyBusiness
The funds come from the Community Development Block Grant - Disaster Recovery’s Electrical Grid Reliability and Resilience Program. #NewsismyBusiness
Installed in Arecibo, the system was designed and installed by local Tigo partner CEnergyS Solar Solutions. #NewsismyBusiness
The project is expected to “provide critical power, grid reliability and flexibility” to Puerto Rico. #NewsismyBusiness
Eaton drives 45% reduction in energy consumption at Arecibo plant, cuts emissions by 7,100 metric tons annually and reduces costs by nearly 20%. #NewsismyBusiness
The fully installed 25 kW-DC system will provide a “significant portion” of the shelter’s power needs. #NewsismyBusiness
Funding will support solar panels for up to 40,000 low-income households and create local, good-paying jobs. #NewsismyBusiness
After all its development phases are complete, the project will generate enough energy to power 60,000 Puerto Rican homes. #NewsismyBusiness
New job training opportunities will provide solar career pathways and help meet the increased demand for clean renewable energy. #NewsismyBusiness
The fundamental economics, however, are clear. Renewable energy saves money. Oil and natural gas do not. #NewsismyBusiness
The organizations denounced the government’s lack of transparency, among other issues. #NewsismyBusiness
Rural cooperatives, including current and previous USDA borrowers, must submit their Letters of Intent on or before 11:59 p.m., Sept. 15, 2023. #NewsismyBusiness
The government of Puerto Rico plans to use this funding to help disadvantaged communities to determine their energy needs, among other steps. #NewsismyBusiness
Initially, PASH fully financed the project with its own capital before Oriental Bank refinanced the project with $15 million in financing. #NewsismyBusiness
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