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U.S. DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of Convergent Energy and Power Inc. to Build Solar PV and Energy Storage in Puerto Rico

January 20, 2025 admin 0 Comments batteries, clean power, Energy Storage, lithium-ion batteries, loan programs office, policy & politics, Puerto Rico, puerto rico clean energy, puerto rico renewable energy, puerto rico solar energy, Solar energy, us department of energy (doe)

Credit to Author: US Department of Energy| Date: Sat, 18 Jan 2025 04:50:26 +0000

Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of … [continued]

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