AG Solar One Plans To Add 100 MW Of PV Capacity In Puerto Rico

(Before It's News)

AG Solar One — a new partnership formed between US wealth management company Greenbriar Capital Corp. and Canadian renewable energy firm Alterra Power Corp. — has plans to implement 100 MW of solar generation capacity in Puerto Rico.

Image Credit: Photo Mojo Mike / Foter.com / CC BY-NC-SA

The new partnership is owned 50/50 by the two companies, will secure a power purchase and operating agreement with the Puerto Rico Electric Power Authority.

Puerto Rico offers tax breaks for clean energy projects, and already has one of the five largest solar parks in Latin America. There has been a surge of solar projects in Puerto Rico thanks to new regulations introduced by the federal government to boost the solar project portfolio of the territory.

Puerto Rico is attempting to diversify away from expensive and dirty imported oil products and coal, which generate 83% of its electricity.

Greenbriar’s CEO Jeff Ciachurski added, “Alterra’s experience of owning and  operating wind, solar, hydro and geothermal makes the partnership with  Greenbriar a fully integrated renewable technology platform.”

Puerto Rico is a prime location for solar companies to expand into. It has good solar resources and good solar power incentives.

AG Solar One Plans To Add 100 MW Of PV Capacity In Puerto Rico was originally published on: CleanTechnica. To read more from CleanTechnica, join over 30,000 others and subscribe to our free RSS feed, follow us on Facebook (also free!), follow us on Twitter, or just visit our homepage (yep, free).

• Indonesia Aims To Build 36 Solar Power Plants In 2013
• Nathan Jurczyk and Merchant Services, Inc. Urge Participation in 2013 Coastal Cleanup
• Historic snows hit Minnesota, Wisconsin, and Iowa – Snowfall unprecedented in the historical record for the month of May
• Colorado Clean Energy Win
• Oil Companies Have Master Limited Partnerships, Why Can’t Clean Energy Companies?
• 49 years of undue delays in the EU Approval of GM Products
• Soap Operas & PACE Financing
• Mark Tercek: A New Diet for the Planet?
• NY Times Criticizes Itself For Touting Myth That It Is Too Late To Avoid Climate Catastrophe, Part 2
• To Texas: Want More Jobs & Fewer Blackouts? Go Solar