Green speed energy Puerto Rico

What does genera PR do for Puerto Rico?

In July 2023, Genera PR, an energy infrastructure company created by New Fortress Energy Inc., supports Puerto Rico’s transition to reliable, affordable, and cleaner energy by operating and maintaining power plants and related infrastructure.

What is Puerto Rico's energy transformation?

Puerto Rico’s energy transformation is creating opportunity by providing expertise, technology, and critical services to the local market. The federal government has allocated over $77 billion for infrastructure reconstruction after the passing of Hurricane María over Puerto Rico in 2017.

What is solar financing in Puerto Rico?

Cooperativas are the financial institutions that communities in Puerto Rico traditionally use for a whole array of financial services. To date, however, most of the solar financing in Puerto Rico has come from U.S.-based solar companies.

What does the Puerto Rico Energy Bureau do?

Additionally, the law opened the local marketplace to energy producers and servicers. As energy activities decentralize, the Puerto Rico Energy Bureau is working to ensure a regulatory landscape that provides the flexibility to produce, sell, distribute, and monitor energy use across all sectors and sizes of users or developers.

Can credit unions finance solar projects in Puerto Rico?

Our report highlights how Puerto Rico’s exponential growth in rooftop solar has been accompanied by a robust growth in locally chartered credit unions, called Cooperativas, offering financing alternatives for solar projects.