Renewable energy investors see opportunity in Puerto Rico's demolished grid

 

“Hurricane Maria destroyed Puerto Rico’s antiquated and bankrupt electrical system, leaving millions in the dark and utility crews scrambling to help.

 

Now some politicians and renewable energy investors see a golden opportunity in the crisis to use federal funds to re-invent the U.S. territory’s grid as a storm-resistant network that relies less on costly coal and oil imports and more on local wind, solar, and batteries.

 

If it happens, it could ease power bills on an island that struggles with the second-costliest electricity in the United States, behind Hawaii, as well as infrastructure prone to failing in the region’s frequent hurricanes.”

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Article Source: www.reuters.com