August 7, 2026
The US$489.4 million loan was granted to “lower electricity costs and strengthen Puerto Rico’s electric grid.” It will support 220MW of battery energy storage systems (BESS) in Arecibo and Santa Isabel as well as future development of natural gas-fired generation. Image: Pexels/Diego F. Parra
The US Department of Energy (DOE) has closed a US$489.4 million loan to Amanecer Puerto Rico, a subsidiary of developer Pattern Energy to support Puerto Rico’s electric grid.
Announced 5 August, the loan was closed through the DOE’s Office of Energy Dominance Financing (EDF), a rebranding of sorts of the Loan Programs Office (LPO), introduced by Energy Secretary Chris Wright in late 2025.
The US$489.4 million loan was granted to “lower electricity costs and strengthen Puerto Rico’s electric grid.” It will support 220MW of battery energy storage systems (BESS) in Arecibo and Santa Isabel as well as future development of natural gas-fired generation.
