Current:Home > InvestPuerto Rico is in the dark again, but solar companies see glimmers of hope-VaTradeCoin
Puerto Rico is in the dark again, but solar companies see glimmers of hope
View Date:2025-01-08 16:22:19
Much of Puerto Rico is still without power after Hurricane Fiona battered the island on Sept. 19. The storm laid bare how vulnerable the territory's power system still is five years after Hurricane Maria plunged it into an 11-month blackout — the longest in American history — and led to the deaths of almost 3,000 people.
Despite billions of dollars in federal aid, "very little" was done after Hurricane Maria to rebuild Puerto Rico's electric grid, Sen. Chuck Schumer, D-N.Y., said on the floor of the Senate. The island's power system, long neglected as the territory's debts soared, remains "almost 50 years out of date," Schumer added.
Yet some see signs of hope. Over the past five years, around 50,000 solar and battery power systems have been installed on homes in Puerto Rico, says Chris Rauscher, senior director of public policy at Sunrun, the biggest residential solar company in the United States. And almost all that equipment appears to have continued supplying electricity while the island's central power system went dark, according to market participants and industry observers.
Solar companies say their technology will keep getting better
Climate change is making hurricanes wetter and more powerful, increasing the risks to electric reliability in places like Puerto Rico. That bolsters the case for more investment in home solar set-ups, Rauscher says.
"It's showing that renewables paired with storage ... are really the fundamental building blocks of a clean recovery that we need to really focus on on the island and elsewhere," he says.
John Berger, chief executive of Sunnova, another big solar company, agrees, calling Puerto Rico "a window into the future."
'"The technology's just physically and fundamentally better," than the traditional power system, Berger says. "And that's not going to change."
Puerto Rico is looking to shake its fossil fuel dependence
Puerto Rico's aging power grid relies almost exclusively on fossil fuels that it ships in, and electricity prices on the island are far higher than in other parts of the U.S.
The territory moved to change that in 2019, setting a target to get all its electricity from renewable sources by midcentury, up from just 3% last year.
In February, the U.S. government and Puerto Rico signed an agreement aimed at accelerating work on the island's power system.
"One of my top priorities as Governor of Puerto Rico since I took office has been to ensure that Puerto Rico's energy transformation moves forward at a steady and reliable pace," Puerto Rico Gov. Pedro Pierluisi said in a statement in February. "I will make sure that every federal fund appropriated to Puerto Rico and allocated for the reconstruction of the power grid is used efficiently and effectively."
But big challenges are still hanging over the island. Perhaps chief among them is the fate of Puerto Rico's electric power authority, which is bankrupt.
There have also been delays in putting federal disaster aid to work on the island, due in part to political fights in Congress and restrictions put in place by the Trump administration.
The Federal Emergency Management Agency committed around $28 billion to help Puerto Rico recover from the 2017 hurricanes. Only $5.3 billion, or 19%, of that $28 billion has been spent by Puerto Rico's government as of August, according to the U.S. Government Accountability Office.
Puerto Rico has to rebuild in the face of more storms
Unspent aid "is the most challenging part of the reconstruction," Puerto Rico's resident commissioner, Jenniffer González-Colón, told NPR.
"[A] lot of reconstruction is still needed," she said. "And now on top of that, we got here again ... and in the end, the hurricane season is not over yet."
Companies like Sunrun and Sunnova are betting this latest disaster will help spur faster investment in small-scale renewables. If nothing else, customers have grown "sick and tired of not having power," Rauscher says.
"The next storm after this — and it will come, I don't know if it's next week or next year or two years from now, but it will come — we'll be in even better shape than we are right now," Berger says.
veryGood! (5971)
Related
- See Blake Shelton and Gwen Stefani's Winning NFL Outing With Kids Zuma and Apollo
- Donald Trump's Granddaughter Kai Trump Gives Rare Insight on Bond With Former President
- Harvey Weinstein due in NYC courtroom for hearing tied to upcoming retrial
- The winner in China’s panda diplomacy: the pandas themselves
- Vogue Model Dynus Saxon Charged With Murder After Stabbing Attack
- Montana’s largest nursing home prepares to close following patient safety violations
- Global tech outage hits airlines, banks, healthcare and public transit
- Bob Newhart, Elf Actor and Comedy Icon, Dead at 94
- Daniele Rustioni to become Metropolitan Opera’s principal guest conductor
- Arkansas Gov. Sarah Huckabee Sanders announces trade mission to Europe
Ranking
- Elon Musk responds after Chloe Fineman alleges he made her 'burst into tears' on 'SNL'
- RNC Day 4: Trump to accept GOP presidential nomination as assassination attempt looms over speech
- After 5 sickened, study finds mushroom gummies containing illegal substances
- 'We are so proud of you': 3 pre-teens thwart man trying to kidnap 6-year-old girl
- Elon Musk responds after Chloe Fineman alleges he made her 'burst into tears' on 'SNL'
- Pregnant Brittany Mahomes Details Postpartum Hair Loss Before Welcoming Baby No. 3 With Patrick Mahomes
- Shannen Doherty finalizes divorce hours before death
- Gas prices are a favorite RNC talking point. Here's how they changed under Trump, Biden
Recommendation
-
Caitlin Clark shanks tee shot, nearly hits fans at LPGA's The Annika pro-am
-
Nevada judge used fallen-officer donations to pay for daughter's wedding, prosecutors say
-
The Best Plus Size Summer Dresses for Feeling Chic & Confident at Work
-
Firefighters carry hurt Great Pyrenees down Oregon mountain
-
Angels sign Travis d'Arnaud: Former All-Star catcher gets multiyear contract in LA
-
Man dies after he rescues two young boys who were struggling to stay afloat in New Jersey river
-
Comedian Bob Newhart, deadpan master of sitcoms and telephone monologues, dies at 94
-
Taco Bell adds cheesy street chalupas to menu for limited time