Washington: The US Energy Department said on Thursday it is offering a conditional loan guarantee of up to $861 million for two utility-scale solar-energy projects in Puerto Rico that are expected to boost energy security after recent hurricanes severely damaged the US territory’s grid.
The conditional commitment from the department’s Loan Programs Office goes to Clean Flexible Energy LLC, to finance construction of two solar photovoltaic farms equipped with battery storage and two standalone battery energy storage systems, the LPO said. The projects will be built in the coastal communities of Salinas and Guayama in south Puerto Rico.
The projects comprise 200 megawatts of photovoltaic solar panels and up to 285 MW of stand-alone battery energy storage capacity. The solar arrays will power about 43,000 homes, it said.
Clean Flexible Energy is an…
