NEP recently embarked on a trip to the sunny island of Puerto Rico. Puerto Rico is a perfect environment for using solar photovoltaic (PV) systems for a variety of reasons. The main reason is that Puerto Rico is highly dependent on oil and most of Puerto Rico’s power is supplied by diesel fuel, and utility rates on the island are 30-40% higher than what US consumers pay. This high dependency on oil makes power very expensive for residents of Puerto Rico which is why switching to solar power is an excellent opportunity for businesses, individuals and utility companies on the island. While on this exciting trip, NEP executives met with business owners and larger power users who may potentially be interested in using clean energy produced by solar systems. Key people that NEP met with in Puerto Rico range from industry leaders to political leaders and Energy Procurement Companies who are partnering with local solar installation companies. The company’s focus will be on developing and constructing solar systems for large electrical users such as hospitals, universities and large manufacturers. They are looking for land owners with large parcels of land near utility companies to develop and construct large solar farms. The power produced by those solar farms would be sold back to the local utility companies to then redistribute to residents and businesses in Puerto Rico. NEP is looking forward to partnering with local government agencies, such as the Department of Puerto Rican Energy Affairs, to operate along with energy grant programs. There is a huge potential for a wide variety of solar projects to be developed and constructed in this region.
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