The latest policy on solar container power station loans

Will convergent build a solar-plus-storage system in Puerto Rico?

Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. Jigar Shah served as Director of the Loan Programs Office (LPO) at the U.S. Department of Energy (DOE) from March 2021 to January 2025.

How can solar and battery storage benefit Puerto Rico?

Widescale solar and battery storage deployment has been proven to benefit communities across the island by increasing grid reliability and resilience to extreme weather and reducing Puerto Rico’s high energy costs, which, on average, are significantly higher than the U.S. average.

Are EU solar manufacturing subsidies appropriate?

EU solar manufacturing subsidies are not appropriate based on criteria of European production alone. Subsidies could, however, be justified on innovation grounds, by supporting new solar products that have a real chance to develop into sustainable industries that contribute to climate goals.

Will convergent install a solar-plus-storage system in Coamo?

Convergent’s solar-plus-storage installation in the municipality of Coamo would be a 100-MW solar PV system with a 55 MW (55 MWh) BESS. The BESS installations in the municipalities of Caguas (25MW/100MWh), Peñuelas (100MW/400MWh), and Ponce (up to 100MW/400MWh) will have a capacity of up to 225 MW (900 MWh).

How do government subsidies affect solar PV development in Europe?

The deployment of much utility-scale solar PV across Europe is driven by government auctions or subsidies 30. To stimulate innovation, governments might increase available subsidies if developers can demonstrate certain characteristics of the manufactured panels.

Could China impose trade restrictions on solar panels?

Imposing trade restrictions on Chinese solar panels would lead to higher costs, slowing deployment of panels and, possibly, a net-negative job effect. That would occur if more jobs were lost from a slowing of deployment than new jobs were created in possible new manufacturing facilities.