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prima:Federal energy closes $584.5 million loan for solar farm in Coamo

The agency also granted two conditional commitments to projects that would be located in Santa Isabel, Arecibo and Yabucoa

January 18, 2025 - 7:05 PM

The federal Department of Energy's support for solar energy producers in Puerto Rico totals $1.2 billion. (Carlos Giusti/Staff)

With days to go before President Joe Biden’s administration ends its term, the federal Department of Energy (DOE) closed the financing of $584.5 million in favor of Convergent Energy and Power, Inc., a company developing a solar farm in Coamo and three independent battery energy storage system projects, better known as BESS, in Caguas, Peñuelas and Ponce.

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