{"id":132597,"date":"2022-07-18T08:00:00","date_gmt":"2022-07-18T12:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-convergent-energy-power-supports-puerto-ricos-renewable-energy-goals-through-solar-generation\/"},"modified":"2022-07-18T08:10:14","modified_gmt":"2022-07-18T12:10:14","slug":"convergent-energy-power-apoya-los-objetivos-de-energia-renovable-de-puerto-rico-a-traves-de-la-generacion-de-energia-solar","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/convergent-energy-power-apoya-los-objetivos-de-energia-renovable-de-puerto-rico-a-traves-de-la-generacion-de-energia-solar\/","title":{"rendered":"Convergent Energy + Power Supports Puerto Rico&#8217;s Renewable Energy Goals Through Solar Generation"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p class=\"prntac\"><i>Solar generation project awarded in <\/i><i>first tranche of <\/i><i>Puerto Rico Electric Power Authority&#8217;s <\/i><i>multi-tranche plan to modernize <span class=\"xn-location\">Puerto Rico<\/span>&#8216;<\/i><i>\u00a0grid and reach 100% renewable energy by 2050<\/i><\/p>\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">July 18, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/&#8211; <u><a href=\"http:\/\/www.convergentep.com\/\" target=\"_blank\" rel=\"nofollow\">Convergent Energy + Power<\/a><\/u> (Convergent), a leading provider of energy storage solutions in <span class=\"xn-location\">North America<\/span>, today announced that its <span class=\"xn-location\">Puerto Rico<\/span> subsidiary has entered into a power purchase and operating agreement with the Puerto Rico Electric Power Authority (PREPA) for a 100 MW solar generation project paired with a 55 MW battery to be located in Coamo, <span class=\"xn-location\">Puerto Rico<\/span>, a town in the south-central region of the island. The solar-plus-storage system will be owned and operated by Convergent&#8217;s <span class=\"xn-location\">Puerto Rico<\/span> 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 <span class=\"xn-location\">Puerto Rico&#8217;s<\/span> strategic clean energy transition.<\/p>\n<div id=\"prni_dvprnejpgb1c2left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgb1c2left\" title=\"An example of a utility-scale solar-plus-storage system owned and operated by Convergent Energy + Power.\" src=\"https:\/\/mma.prnewswire.com\/media\/1860330\/5___Low_Res.jpg\" alt=\"An example of a utility-scale solar-plus-storage system owned and operated by Convergent Energy + Power.\" align=\"middle\"\/><\/div>\n<p><span class=\"xn-location\">Puerto Rico<\/span> has ambitious renewable energy goals, which can help the island mitigate the consequences of extreme weather events exacerbated by climate change and an aging, battered electric grid; Hurricanes Maria and Irma were particularly devastating, damaging <a href=\"https:\/\/www.fema.gov\/press-release\/20210318\/puerto-rico-and-federal-partners-unite-address-power-restoration-needs\" target=\"_blank\" rel=\"nofollow\">80% of <span class=\"xn-location\">Puerto Rico&#8217;s<\/span> electric grid<\/a>. The island has responded to these challenges by setting an ambitious goal of achieving 40% renewable energy by 2025 and <a href=\"https:\/\/www.energy.gov\/oe\/puerto-rico-grid-resilience-and-transitions-100-renewable-energy-study-pr100#:~:text=Puerto%20Rico%20has%20committed%20to,Public%20Policy%20Act%20(Act%2017)\" target=\"_blank\" rel=\"nofollow\">100% renewable energy by 2050<\/a>, relying on its most abundant resources: solar and wind.<\/p>\n<p>Convergent&#8217;s large-scale solar-plus-storage system is among the first awarded by PREPA in response to its multi-tranche solicitation effort to modernize <span class=\"xn-location\">Puerto Rico&#8217;s<\/span> electric grid. Partnering with PREPA, Convergent will work closely with local stakeholders to increase the reliability of electricity for Puerto Ricans while supporting the commonwealth&#8217;s renewable energy goals.<\/p>\n<p>&#8220;<span class=\"xn-location\">Puerto Rico<\/span> has commendable renewable energy goals and is taking concrete steps to reach them. Convergent Energy + Power is ready to help <span class=\"xn-location\">Puerto Rico<\/span> deploy more solar energy, accelerating the clean energy transition,&#8221; said <span class=\"xn-person\">Johannes Rittershausen<\/span>, Convergent&#8217;s CEO. &#8220;We are thrilled to help bring cleaner, more reliable power to <span class=\"xn-location\">Puerto Rico<\/span> with the help of our local partner Ashford Renewable, and PREPA.&#8221;<\/p>\n<p><b>About Convergent<\/b><\/p>\n<p>Convergent Energy + Power (Convergent) is a leading provider of energy storage solutions in <span class=\"xn-location\">North America<\/span>. Convergent has over a decade of experience financing and managing all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. The company&#8217;s commercial, industrial, and utility-scale assets can yield seven-figure savings while advancing the clean energy transition. Convergent&#8217;s proprietary asset management platform, PEAK IQ\u00ae leverages machine learning and deep market knowledge to optimize asset performance and maximize value. With over <span class=\"xn-money\">$400M<\/span> invested in projects in operation or allocated to projects under development, Convergent is a leading independent owner and operator of energy storage and solar-plus-storage solutions. For more information, visit\u00a0<a href=\"http:\/\/www.convergentep.com\/\" target=\"_blank\" rel=\"nofollow\">convergentep.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/convergent-energy-power\/\" target=\"_blank\" rel=\"nofollow\">LinkedIn<\/a>\u00a0or\u00a0<a href=\"https:\/\/twitter.com\/ConvergentEP\" target=\"_blank\" rel=\"nofollow\">Twitter<\/a>.<\/p>\n<div id=\"prni_dvprnejpg48celeft\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpg48celeft\" style=\"width: 400px; height: 51px;\" title=\"Convergent Energy + Power\" src=\"https:\/\/mma.prnewswire.com\/media\/1602781\/Convergent_Logo.jpg\" alt=\"Convergent Energy + Power\" align=\"middle\"\/><\/div>\n<p>Photo &#8211; <a href=\"https:\/\/mma.prnewswire.com\/media\/1860330\/5___Low_Res.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1860330\/5___Low_Res.jpg<\/a><br \/>Logo &#8211; <a href=\"https:\/\/mma.prnewswire.com\/media\/1602781\/Convergent_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1602781\/Convergent_Logo.jpg<\/a><\/p>\n<p>SOURCE  Convergent Energy + Power<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p class=\"prntac\"><i>Solar generation project awarded in <\/i><i>first tranche of <\/i><i>Puerto Rico Electric Power Authority&#8217;s <\/i><i>multi-tranche plan to modernize <span class=\"xn-location\">Puerto Rico<\/span>&#8216;<\/i><i>\u00a0grid and reach 100% renewable energy by 2050<\/i><\/p>\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">July 18, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/&#8211; <u><a href=\"http:\/\/www.convergentep.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Convergent Energy + Power<\/a><\/u> (Convergent), a leading provider of energy storage solutions in &lt;span&#8230;<\/p>\n","protected":false},"author":1,"featured_media":132599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-132597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/132597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=132597"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/132597\/revisions"}],"predecessor-version":[{"id":132602,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/132597\/revisions\/132602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/132599"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=132597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=132597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=132597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}