energy-storage.news
Aug 7, 2026
US DOE closes US$489 million loan with Pattern Energy to support BESS, natural gas in Puerto Rico
AI-summarised brief · reviewed before publication
The U.S. Department of Energy finalized a $489.4 million loan to Pattern Energy’s Puerto Rican subsidiary, Amanecer Puerto Rico, to fund 220 MW of battery energy storage systems in Arecibo and Santa Isabel and support future natural‑gas generation. The loan, closed through the DOE’s Office of Energy Dominance Financing, aims to reduce electricity costs and strengthen the island’s grid, projecting savings of $312.5 million for residents and businesses over 25 years. The funding follows earlier Biden‑era commitments and reflects a shift toward fossil‑fuel‑backed projects amid political tensions.
💡 Why It Matters
- · The loan signals a strategic pivot toward gas‑based resilience, potentially delaying Puerto Rico’s clean‑energy trajectory and reshaping the island’s long‑term energy policy.
