Project Marahu — 200 MW solar PV + 285 MW/1,140 MWh BESS in Guayama and Salinas, Puerto Rico
Financial close on DOE EIR loan guarantee. Replacing fossil generation in Puerto Rico with solar+storage. Expected to produce 460,000 MWh/year.
$861M
Deal Value
200MW
Capacity
1,140MWh
Storage
Solar + Storage
Technology
PR
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- AES / TotalEnergies (Clean Flexible Energy LLC)
- Buyer / Financier
- DOE Loan Programs Office
- Offtaker
- PREPA
- Deal Value
- $861.3M
- Stage
- Under Construction
- ISO/RTO
- PREPA
- Source
- Utility Dive
Capital Structure
Tranches
- DOE Loan Guarantee (Section 1706 / Energy Infrastructure Reinvestment) · U.S. DOE Loan Programs Office
- $861M
Finance Counterparties
Lenders & Capital Providers
- lender
- DOE LPO (EIR Program)
Related Deals
Palisades Nuclear Plant restart — 800 MW nuclear generating station, Covert Township, Michigan
Holtec Palisades LLC → DOE Loan Programs Office
$1.52B
Project Horizon — EV manufacturing facility, Stanton Springs North, Georgia
Rivian New Horizon LLC → DOE Loan Programs Office
$6.57B
Project AMAZE — Zinc-bromine battery manufacturing expansion, Turtle Creek, Pennsylvania. Target 8 GWh/year capacity by 2027
Eos Energy Enterprises → DOE Loan Programs Office
$303.5M
Project Marahu — 200 MW solar PV + 285 MW / 1,140 MWh BESS, Guayama (Jobos) + Salinas, Puerto Rico
Clean Flexible Energy (AES Corporation + TotalEnergies Holdings USA JV) → U.S. Department of Energy (Loan Programs Office)
Up to $861.3M conditional (finalized Sept 2024)
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.