NewQ1 2026 Clean Energy Deal Intelligence Report is live
FinancingAnnouncedJuly 18, 2022

Project Marahu — 200 MW solar PV + 285 MW / 1,140 MWh BESS, Guayama (Jobos) + Salinas, Puerto Rico

DOE LPO conditional commitment up to $861.3M for Project Marahu — largest Puerto Rico clean energy DOE loan commitment. AES + TotalEnergies JV (Clean Flexible Energy). 200 MW solar + 285 MW / 1,140 MWh BESS in Guayama + Salinas. Replaces fossil generation. ~750 construction jobs. Loan finalized September 2024.

$861M

Deal Value

485MW

Capacity

1,140MWh

Storage

Solar + Storage

Technology

PR

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Clean Flexible Energy (AES Corporation + TotalEnergies Holdings USA JV)
Buyer / Financier
U.S. Department of Energy (Loan Programs Office)
Offtaker
Puerto Rico utilities + commercial offtakers
Deal Value
Up to $861.3M conditional (finalized Sept 2024)
Stage
Development
ISO/RTO
PREPA

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