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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