Puerto Rico

Puerto Rico opens renewable energy, storage tender

Bnamericas Published: Thursday, February 02, 2023
Puerto Rico opens renewable energy, storage tender

Puerto Rico has launched the third tranche of its renewable energy and storage procurement process, part of broader plans to reinforce power supply and wean the island off fossil fuels. 

The goal is to procure 500MW of renewable power capacity and 250MW of storage, regulator PREB said in a statement.

It added that a stakeholder webinar would be held on February 17. More information, in Spanish, can be seen here

According to the US Energy Information Administration, fossil fuel-fired power plants generated about 97% of Puerto Rico's electricity from July 2021 to June 2022. Natural gas fueled about 43%, petroleum about 37%, and the island's one coal-fired power plant about 17%.

Authorities have mandated that renewables must account for 20% of power generation in 2022, 40% by 2025, 60% by 2040 and 100% by 2050.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Enauta Energia S.A.  (Enauta)
  • Enauta Energia S.A., formerly Queiroz Galvão Exploração e Produção, a subsidiary of Brazilian firm Construtora Queiroz Galvão S.A., engages in the exploration and production of ...
  • Company: Capetrol S.A.  (Capetrol)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Frontera Energy Corp.  (Frontera Energy)
  • Frontera Energy Corporation (Frontera), founded in 1996 as Pacific Exploration & Production Corporation and headquartered in Toronto, is a Canadian explorer and producer of crud...