Puerto Rico Electric Power Authority Enters Into Solar Plus Storage Agreement

July 22, 2022

by Paul Ciampoli
APPA News Director
July 22, 2022

Convergent Energy + Power on July 18 announced that its Puerto Rico subsidiary has entered into a power purchase and operating agreement with the Puerto Rico Electric Power Authority (PREPA) for a 100-megawatt (MW) solar generation project paired with a 55-MW battery to be located in Coamo, Puerto Rico.

The solar-plus-storage system will be owned and operated by Convergent’s Puerto Rico subsidiary, Convergent Coamo.

Subject to satisfaction of customary conditions, the system is currently expected to come online in 2024 and is part of a larger plan to accelerate Puerto Rico’s strategic clean energy transition.

Puerto Rico has set a goal of achieving 40% renewable energy by 2025 and 100% renewable energy by 2050.

Convergent’s large-scale solar-plus-storage system is among the first awarded by PREPA in response to its multi-tranche solicitation effort to modernize Puerto Rico’s electric grid.