Weekly Market Update

Key Points

?France deployed 2.68GW of PV in 2021 with 206% year-over-year growth. The country has set a 100GW PV target (13GW now) for 2050.

?UK installed 730MW of PV in 2021 (Y-o-Y: +34%), with 313MW added in Q4. The residential segment increases much faster with more than 70% Y-o-Y growth. The country will move to annual renewables auctions from 2023.

?In Italy, PV storage and EV charging stations for tourism businesses enter into the eligible expenses for the 80% tax credit till 2024.

?Egypt considers to increase the renewable energy capacity from current 6 GW to 10 GW 2023.

?Australia has installed 25 GW solar capacity till the end of 2021. And Victoria’s Solar Homes program extends with six VPPs, offering a rebate of over $4000 to households who install a battery and sign up to the pilot before July 2022.

01 EMEA

France deployed 2.68GW of solar in 2021

• France deployed 2,687MW of new solar capacity in 2021, thus achieving its best performance ever recorded in terms of new installations. For comparison, the country installed 973MW in 2020, 883MW in 2018, and 890MW in 2017.
• According to new figures released by French renewable energy association SER, the fourth quarter was particularly dynamic, with around 761MW of new PV systems connected to the grid.
• As of the end of December 2021, France had reached a cumulative installed PV capacity of 13,067MW.
• The SER also reported that the electricity produced by PV arrays in France reached nearly 14.3TWh in 2021, an increase of 12.6% compared to the previous year. The Nouvelle-Aquitaine region was the most productive, with 3.8TWh, ahead of Occitanie and the Provence Alpes-C?te d'Azur region (with, respectively, 3TWh and 2.1TWh).
• Solar reached, for the first time, in 2021, a 3% share in total electricity consumption, which compares to 2.8% in 2020. From June to August 2021, record levels of more than 5% were recorded.

France announces 100 GW solar target for 2050

• On Feb.10, French President Emmanuel Macron announced a vast nuclear recovery plan, with the construction of six new EPR2 type reactors in France. He also promised an acceleration in the development of renewable energy, with new targets for photovoltaics and wind power by 2050.
• “We have fallen behind,” Macron acknowledged in a speech. “We will increase our efforts in particular on solar energy, as it is cheaper and can be more easily integrated into the landscape and, by 2050, we will multiply by nearly 10 the installed power to exceed 100GW by ensuring a fair balance between rooftop PV installations and those on the ground.”
• “The approval process to build a solar park takes five years and its construction only takes a few months of work, such delays are unbearable. It will therefore be necessary to remove all the regulatory barriers from the moment the projects are accepted locally,” he said.
• He also reiterated the need to “rebuild French industrial sectors, to produce all the techniques necessary for the deployment of solar energy. Because it must be said, 20 years ago, Europe, out of naivety or fatality, left to other continents the care of producing technologies and the industrial sectors that were behind these deployments.”
• French solar association Enerplan described this as an important step. “It is the recognition by the highest authority of the state of the preponderant role of solar in the decarbonized energy transition and in the future mixed electric. The objective of at least 100GW of installed solar power by 2050 is in line with Enerplan's 2050 program which will be published in March.”

UK installed 730MW of solar PV in 2021

• Last year was one of the most significant years for solar PV in the UK. During 2021, the market fully established itself in a post-subsidy climate, no longer dependent on government hand-outs by way of production-based incentives.
• The final quarter of 2021 was the strongest of the year, at 313MWp-dc.?The largest contribution came from ground-mounted solar farms. Eight mid-size solar farms were completed, adding to 142MW, with four of these in the 20-30MW range.?
• The final figure for the year – 730MW – ended up being split almost equally across rooftops and ground-mount builds, with commercial rooftops being the other major segment by volume. The market in 2021 increased by 34% compared to 2020.
• At the end of 2021, the UK had installed 14.63GWp-dc of solar PV, of which 65% is based on ground-mounted solar.
• For 2022, the residential segment is expected to continue to post Q/Q and Y/Y growth, almost independent of any seasonality. The commercial rooftop segment has greater scope for growth in 2022.?

Annual UK solar PV installations soar by 70% to hit output milestone according to MCS data

• According to new data from?MCS ?(Microgeneration Certification Scheme) – the national standards body for renewables – solar photovoltaic (PV) panels installed on British homes equated to 3GW of electricity for the UK grid for the first time ever last year.
• The data also shows that, in 2021, 61,455 UK properties had solar panels installed – an increase of 71% on the previous year (35,841*). This takes the total number of ‘sunny roofed’ residential properties to?one million , according to?Solar Energy UK . Kevin McCann, Policy Manager at?Solar Energy UK , said: “The MCS-accredited solar market is flying, with more than 61,000 installations in 2021. This shouldn’t be a surprise: solar is a proven way to cut costs and lower carbon emissions. We expect changes in building regulations and investment in sustainability to continue to drive uptake.”
• MCS is a quality assurance scheme, supported by the Department for Business, Energy & Industrial Strategy (BEIS). It provides the framework for the certification of micro-generation technologies used to produce electricity and heat from low-carbon sources.?The MCS also recently launched its industry-first?Battery Installation Standard , which?outlines the requirements for MCS certified installers who supply, design, and install electrical energy storage or battery systems. It covers installations up to 50kW and Electrical Energy Storage Systems (EESS) classes 1 – 4.

UK to move to annual renewables auctions from next year

• The British government has?heeded calls from the renewable energy industry ?and decided to stage the contracts-for-difference (CfD) auctions which allocate new clean energy generation capacity annually, rather than every two years. The change will take effect from the next CfD auction, which is planned to be held in March next year.
• The decision, announced by the?Department for Business, Energy and Industrial Strategy ?(BEIS) on Wednesday, contained few details of what form future auctions will take but it was welcomed by UK renewables umbrella trade body the Association for Renewable Energy and Clean Technology.
• Under the CfD bidding rules, clean power generators agree a strike price, via auction, which determines the income they will receive from the sale of the electricity they generate. The power is sold on the day-ahead wholesale market and when the market price is below the agreed strike price, the government makes good the difference. When power prices are above the strike price, generators bank the receipts before returning the difference to the government.
• Solar and onshore wind were ineligible for CfD auction incentive support between 2015 and the latest round, where?they have been readmitted , although only ￡10 million (€11.9 million) of the ￡285 million (€341 million) budget for the procurement round has been allocated for the mature technologies.
• The government held a?fact-finding exercise ?a year ago which potentially foreshadows a tapering down of subsidy support for CfD-backed projects, with industry opinion sought on proposals including reducing the length of CfD payment contracts, whether extending and?repowering ?projects should qualify for subsidy, and whether the auctions should be used to nudge clean power projects to less advantaged parts of the UK.

Latest Polish renewables auction shows momentum of unsubsidized solar

• Recent analysis from German consultancy Enervis has shown that only 40% of the electricity to be generated by solar capacity in Poland’s latest auction for utility scale renewables will be sold under the exercise’s contracts for difference regime, and that the remaining share will be sold under bilateral power purchase agreements or to the spot market. The?rising number of unsubsidized large scale solar power plants ?in Poland has recently shown the increasing attractiveness of the?Polish PPA market ?and the potential of the Eastern European country to see its energy prices and reliance on coal significantly reduced by resorting to photovoltaics.
• Several projects are currently being developed and built outside the country's?auction scheme for renewables over 1MW ?and the large capacities expected from these solar parks should be already operational in this and next year. These projects, however, are not the only signal that unsubsidized PV is gaining market share in Poland and an interesting trend has also been shown by the?most recent auction held by the regulator, the?Polish Energy Regulatory Office (ERO) , in which not all contracted generation capacity?has been allocated on the basis the electricity produced will be marketed under the auction's contracts for difference (CfD)?mechanism.
• The Polish PPA market is on a steep rise and is more attractive compared to the CfD scheme in the current market situation.
• Poland has, currently, an?installed PV capacity of more than 6.3GW . The Polish PV market is expected to grow strongly during the current decade to reach 30GW of installed capacity by the end of 2030, according to the Polish research institute, the?Instytut Energetyki Odnawialnej (IEO) .

Poland: Co-financing for solar farms for companies in Silesia

• The Provincial Fund for Environmental Protection and Water Management in Katowice has announced a call for applications for projects consisting in the construction of photovoltaic micro-installations for enterprises from the Silesia Province under the "50 kW for start" program.
• From this year on, all entrepreneurs may be the beneficiaries of the funds in accordance with Annex I to the Commission Regulation (EU) No 651/2014 of June 17, 2014.
• Co-financing may be granted in the form of a non-redeemable loan of up to 90% of?eligible costs.?The interest rate will be 0.95 srw, but not less than 3%?on an annual basis. The amount of funds allocated in the program "50 kW for start" is 1 mln PLN in the form of grants and 9 mln PLN in the form of loans.
• The loan repayment period with a grace period cannot be shorter than 4 years and longer than 10 years from the date of completion of the task resulting from the grant agreement.?In justified cases, at the request of the applicant, the Fund may extend the repayment period up to 15 years.
• The grace period in repayment of the principal installments of the loan may not be longer than 12 months after the contractual completion date.
• The remaining part of eligible costs - up to 10%?- may be covered by a subsidy, but the condition for granting co-financing in the form of a subsidy is taking a loan.
• In the case of early repayment of the loan, the investor will be obliged to return the received subsidy within 2 years from the date of completion of the task.
• The unit cost of an investment in a photovoltaic micro-installation may not exceed PLN 350,000.
• Applications for co-financing will be accepted by the Provincial Fund for Environmental Protection and Water Management in Katowice on three dates: 15/02/2022 - 31/03/2022, 01/04/2022 - 30/04/2022, 01/05/2022 - 31/05/2022 or until allocation is exhausted.

Italy: Tax credit of 80% for tourism companies: PV, storage and e-mobility are also allowed

• Photovoltaic, storage and charging columns for electric vehicles?are included in the?eligible expenses?for the?80% tax credit.?The subsidy is intended for?tourism businesses.?The "Superbonus hotels", published in the Official Gazette last?November 6, 2021 ?, expands the type of interventions that will benefit from the subsidy.
• As a note from the Ministry of Tourism explains, therefore,?"expenses for the installation of new solar photovoltaic systems connected to the electricity grid on buildings and equipped with a storage system, as well as the installation of infrastructure for recharging vehicles, are allowed.?electrical in the buildings, which are intended for the exclusive use of the tourist facility object of the intervention ".
• Photovoltaic, storage and charging columns go side by side with other interventions.?These include energy efficiency works, anti-seismic redevelopment, elimination of architectural barriers, extraordinary maintenance, restoration and conservative rehabilitation, thermal pools, renovation, expenses for digitization, purchase of furniture and furnishing components.
• We remind you that a tax credit of 80% is envisaged for interventions carried out from?7 November 2021 to 31 December 2024.?In addition, non-repayable contributions are also provided.
• The hotel bonus can be used by hotel companies, agritourisms, other companies in the tourism, exhibition and congress sectors, bathing establishments, spas, marinas and theme parks.?Furthermore, the accrued tax credit can be transferred to other subjects, such as banks and financial institutions, and must be used by 2024. However, the contributions will be disbursed according to the chronological order of the requests, until the funds are used up.
• Finally, the application submission platform is expected to be launched online by?Monday 21 February.
• To read the note from the Ministry of Tourism,?click here

Superbonus: Cingolani signs decree on maximum spending ceilings

• The Minister of Ecological Transition?Roberto Cingolani?signed the decree that sets the?maximum ceilings?for the 110% Superbonus interventions.?The ceilings update those already in force for the Ecobonus, increasing them by at least?20%?in consideration of the higher cost of raw materials and inflation.
• "This decree completes the operation that the Government is carrying out by putting a stop to the excessive rise in costs encountered in recent times and bringing the Superbonus back to a reasonable exercise that protects the State and citizens, also meeting the needs of the sector and energy efficiency ", comments Minister?Cingolani.
• The ceilings, which will be reviewed annually,?are not all-inclusive?in order to take into account the heterogeneity of possible interventions.?Therefore, VAT, professional charges and installation costs are excluded.?
• For all costs not provided for in the decree, reference will be made to the price lists prepared by the Regions and autonomous Provinces or to the price lists of the competent chambers of commerce, industry, crafts and agriculture or even to the price lists of the DEI publishing house.?For these items, in order to avoid speculation, it will be essential?to certify the appropriateness of the expenditure?by a qualified technician.

Ivory Coast launches tender for 20 MW floating solar array

• Ivory Coast's state-owned energy company C?te d'Ivoire Energies (CI-Energies) has launched a?tender ?for the construction of a floating solar power plant and the associated transmission network.
• The 20 MWp will be located on the retention lake of the Kossou dam, in the center of Ivory Coast.
• Interested developers will have time until March 29 to submit their bids.
• The project is being financed by French Development Agency (AFD) with an €80 million loan.
• Ivory Coast aims to double its power generation capacity between 2025 and 2030, increasing from 2,229 to 4,663 MW in 2030, including 42% renewable energy. The Ivorian government is planning to meet increasing energy demand by adding around 150 MW per year through IPPs, according to the United States Agency for International Development (USAID).
• According to the International Renewable Energy Agency, the Sub-Saharan country had only 13 MW of installed solar power at the end of 2020.

Egypt To Have 10 GW Of RE Capacity By 2023

• Egypt to have 10 GW capacity of new and renewable energy (solar and wind) by 2023 as per Mohamed Shaker, the Minister of electrical energy and renewable power.
• By the end of 2022, the renewable energy share of the country will be 20% of the total capacity generated. Currently, the country generates around 6000 MW from renewables.
• According to studies, the renewable energy share of Egypt will be more than 42% by 2035. It will raise the production capacity of Sudan from 80 MW to 300 MW.
• “There is cooperation with a number of international companies to start studies for the implementation of pilot projects for the production of green hydrogen in Egypt,” he added.
• Recently, Egypt received offers to use renewable energy for seawater-desalination projects said the minister of electricity and renewable energy of the country. The Minister didn’t reveal the name of the companies.

02 APAC

Australia passes 25GW of installed PV capacity, leading world with almost 1kW per person

• Australia’s solar market has gone through surging periods of growth since the Commonwealth government’s Renewable Energy Target (RET) scheme commenced on 1 April 2001. Between 2001 and 2010 the solar market’s growth sat around 15%, before a period of far more rapid growth from 2010 to 2013.
• After stabilizing between 2014 to 2015, the market is trending upwards driven by residential installations. Rooftop solar today plays an important role in Australia’s energy mix, contributing 7.9% to the National Electricity Market (NEM) demand in 2021, up from 6.4% in 2020 and 5.2% in 2019.
• As of 2021’s end, there were over 3.04 million PV installations in Australia, with a combined capacity of over 25.3GW, the Australian PV Institute noted.

Western Australia rolls out new rules to manage booming rooftop solar sector

• The WA energy sector has undergone unprecedented change in recent years with households embracing renewable energy technology at record rates with approximately 3,000 homes installing rooftop solar each month.
• New figures released by the government show that in 2021, WA households added 191 MW of generation capacity to their rooftops, bringing the total amount of residential solar capacity in the state’s main grid to more than 1.35 GW.
• That collective capacity means rooftop solar is the largest cumulative generator in the state, far outstripping the capacity of Synergy’s 854 MW coal-fired Muja Power Station.
• More than 400,000 WA homes and businesses, about 36% of customers, now have rooftop solar connected to the South West Interconnected System (SWIS).
• WA Energy Minister Bill Johnston estimated that 50% of Western Australian households will have solar panels by 2030.
• In order to enable the continued uptake of rooftop solar panels on homes and avoid blackouts, the?government has introduced a range of policies, products and initiatives ?including the new?Emergency Solar Management rules ?which come into effect on 14 February 2022.
• The new rules will give network operators the capacity to remotely switch off residential solar systems as an emergency grid stability mechanism. The measures will apply to all new and upgraded solar PV and battery installations with an inverter capacity of 5kW or less.
• The mechanism is to only be used as a “last resort” measure when demand for electricity reaches a critically low level and could affect the stability of the SWIS.

Source: https://www.pv-magazine-australia.com/2022/02/14/wa-rolls-out-new-rules-to-manage-booming-rooftop-solar-sector/

Victoria’s Solar Homes program extends with six VPPs offering ‘guaranteed benefits’ and extra protections

• The Victorian government is now supporting six different two-year Virtual Power Plant (VPP) pilots delivered through Solar Victoria as part of its Solar Homes program. It has approved five battery brands to participate in the six distinct VPPs which it says will give participants “guaranteed financial benefits and additional consumer protections not widely available in the general market.”
• The Victorian government will be expanding its Solar Homes rebate program into the world of Virtual Power Plants (VPPs), announcing on Tuesday that households who install a battery and sign up to the pilot before July 2022 will receive a rebate of over $4000.
• The program’s five approved battery providers include Tesla, Mondo, Reposit, Sonnen and Arcstream.
• These five brands have all “signed on” to the six?approved pilot VPPs ?which the government says will offer different incentives, such as discounts on hardware, reduced energy bills or regular compensation for taking part. Some are available state-wide, while others are tailored to a specific region.
• The Victorian government says its Solar Victoria’s battery rebate program has supported more than 8000 Victorian households to install batteries. Nearly half (3914) of those approvals for battery installs came in the last half of 2021 alone, it said.?

The first resident-led solar power project Sunlight Dure Power Plant starts in Chungbuk region

• The Yonggyo-ri village in Chungbuk has been selected by the Ministry of Trade, Industry and Energy as a pilot project for the “2022 Sunshine Dure Power Plant (2022?? ???????)”.
• A total of 1.67 billion won investment will be made to install an 873 kW solar power generation facility. Residents and participating companies will bear 10% of the total project cost, including 10,000 won.
• In addition, the selected villages will receive 1.75% financial support (reimbursement for 10 years with a 5-year deferral) up to 90% of the total project cost. The project is expected to generate 59 million won/year for 20 years, including benefits from the application of Korean FIT (totally 1.18 billion won).
• The plant is expected to produce eco-friendly electricity of 1,147MWh per year that can be used by 3,300 households (average monthly electricity consumption of a four-person household of 350kW).

03 AMER

Distributed generation in Chile: 104.6 MW of total capacity by 2021

• Distributed generation in Net Billing connections in Chile reached a total of 104.6 MW of installed capacity, as published on its website by the Chilean Association of Renewable Energy and Storage, ACERA.
• The Metropolitan region concentrates the largest number, with 3,113 installations and a capacity that already adds up to 29.1 MW.?It is followed by the Atacama region, with 2,037 connections, totaling 3.6 MW, while Valparaíso is in third place, with 1,006 installations, totaling 16.7 MW.
• They are followed by the Maule region with 910 connections and a total installed capacity of 13.2 MW;?Biobío with 637 installations and 4.9 MW, in addition to La Araucanía, with 332 projects and 2.4 MW;?Los Ríos, with 275 installations and 1.8 MW, and Coquimbo, with 261 connections and 8.3 MW.
• These data confirm the?promising trend of?net billing?in recent months ?.

US added record 12.4GW of utility-scale solar last year despite module availability issues – ACP

• Utility-scale solar deployment in the US reached a new high last year despite scores of projects being pushed back, in part due to a lack of regulatory certainty impacting the availability of modules, according to the American Clean Power (ACP) Association.
• Solar installs jumped 19% year-on-year to 12,364MW, bringing the country’s total utility-scale solar capacity up to around 60.6GW, the trade body said in its Clean Power Quarterly 2021 Q4 report.
• Texas topped solar installations in 2021, with 3,774MW added, followed by California in a distant second with 1,154MW, Florida (955MW), Virginia (873MW) and Georgia (693MW).
• Despite the rise in installs, PV plants totaling more than 6GW were pushed back beyond their expected commissioning in 2021, with supply chain constraints and trade barriers the major culprits?–?headwinds that ACP expects to continue to hamper the growth of the industry “for the foreseeable future”.vWith the US’s solar pipeline in Q4 jumping 11% sequentially, the country now has more than 66GW of utility-scale PV under construction or in advanced development.
• Nonetheless, the report said supply chain issues and trade barriers continue to threaten to significantly delay or even lead to the cancellation of projects, especially those unable to take delivery of modules due to product detainment at ports.

California lifts renewable energy target to 73% by 2032

• The California Public Utilities Commission (CPUC) approved plans to expand renewable energy, reduce carbon emissions, and bolster electric reliability across the state. The latest integrated resource plan (IRP) adopts a target of 25.5GW of supply-side renewable energy and 15GW of energy storage and demand response capacity by 2032.?The renewable energy capacity targets would effectively raise the state’s portfolio to 73%.
• The plans also significantly lower the level of greenhouse gas emissions allowable by the state, adopting a 35 million metric ton (MMT) limit for the electric sector by 2032. This figure is down from the previous?46 MMT goal and represents 86% emissions-free resources by the target year.
• The plans also call for two large-scale battery energy storage projects that were identified by CAISO as alternatives to transmission upgrades. CPUC said the storage alternatives offer the same level of system reliability at lower costs to ratepayers.

Solar surges in Illinois following passage of landmark clean energy law

• Legislation passed five months ago in Illinois has spurred more than 2,000 solar installations, or enough to power 30,000 homes. To meet workforce needs, new job training programs have been launched, and hiring expanded.
• The?Climate and Equitable Jobs Act ?(SB 2408 ), passed last September, is an energy package that sets the state on a trajectory toward 100% clean energy by 2050. The law also provides immediate steps that help accelerate the renewable energy transition that’s already underway in Illinois. Among the many provisions is $34 million in funding for a grant program to provide seed capital to emerging disadvantaged businesses; $1 million for the Jobs and Justice Fund, a nonprofit “green bank” that will infuse disadvantaged businesses with capital; $21 million for a 16 clean energy workforce training hubs across the state.
• Prior to the passing of the act, residential solar installations were?down nearly 90% in Q2 ?last year compared to 2020, as the state was in “solar incentive limbo”. Just 313 small rooftop solar projects were completed statewide in Q2 2021, compared to 2,908 a year earlier. In fact, SEIA ranked Illinois 21st in solar installations in 2021, after holding at #13 the previous year.
• 8,052 waitlisted solar projects have moved forward and are expected to be approved by the Illinois Commerce Commission this month.
• 250MW of new community solar projects have been approved– when completed, these projects will allow an estimated 35,000 families to lower their electric bills without installing solar panels.
• Illinois businesses will complete more than 8,400 rooftop and community solar projects by the end of 2022.
• SEIA estimates that 3,235MW of solar will be installed in Illinois over the next 5 years, or a rank of 12th in the nation.

People power: Hawaii utility wants to pay households to share clean energy

• Something unusual is happening in Hawaii: An electric utility and rooftop solar installers have agreed on a?proposal to reward households for sharing clean energy with the grid at useful times.
• Hawaii’s most populous island, with a?million residents, is?struggling to ramp up enough clean energy ?ahead of shutting down its largest fossil-fueled power plant in September. To that end, the monopoly utility, Hawaiian Electric, teamed up with advocates of customer-owned energy to say households should earn money for using solar and batteries to keep power flowing to the?grid.
• Specifically, these groups asked the state’s regulators earlier this month to approve a?program ?to pay households an upfront cash bonus plus a?monthly credit on their bills for adding a?battery to their rooftop solar.?
• Chances are high that regulators will approve the proposal because the utility and solar companies want the same thing, and the regulators specifically asked for the proposal in a?January decision. The stated goal is to implement the policy update by March?1.
• The new proposal greatly expands the pool of eligible participants by stipulating how to reward households and businesses for helping supply the grid at peak hours. Anyone who doesn’t have solar but wants to get it, and anyone else who got solar after net metering ended, would get paid the retail rate for exports in the two-hour evening peak, even though they wouldn’t get paid that much at other?times.

NREL launches 100% renewables study for Puerto Rico

• The National Renewable Energy Laboratory has launched a two-year process to evaluate paths for Puerto Rico to reach 100% renewables.
• NREL’s base case for its computer modeling will reflect the renewable generation milestones set by Puerto?Rico’s Act 17: 20% renewable generation by 2022, 40% by 2025, 60% by 2040, and 100% by 2050.
• Both of Puerto Rico’s utilities, generation utility PREPA and transmission and distribution utility Luma Energy, are represented on the study’s steering committee. NREL will work closely with the utilities to ensure that study results may be used in their planning processes, including PREPA’s next resource plan, said an NREL spokesperson. A PREPA engineer said the utility looked forward to the study’s guidance on how PREPA may make electrical system investments in the most efficient sequence.
• The Solar + Energy Storage Association of Puerto Rico (SESA) and the utilities are represented on an advisory committee that includes?academics, municipal officials and civic group representatives.
• NREL reported that Puerto Rico has 20GW of utility-scale solar potential, mostly along the coasts, and 20GW of distributed solar potential. Just 10GW of solar could meet Puerto Rico’s needs, as estimated by SESA President PJ Wilson.
• An analysis last year from nonprofit groups Cambio and IEEFA concluded that distributed solar and storage?could provide 75% ?of Puerto Rico’s power.
• Earlier this month, PREPA submitted 18 solar projects totaling 845MW to the Puerto Rico Energy Bureau. The bureau approved those projects, and they are now awaiting approval from Puerto Rico’s Financial Oversight and Management Board.