Thursday, September 15, 2011

Puerto Rico launches $6.6M solar panel project to reduce energy costs

SAN JUAN, Puerto Rico — Puerto Rico is investing $6.6 million in solar energy panels that it plans to install in homes, businesses, airports and schools across the U.S. Caribbean territory.

Commerce and Economic Development Secretary Jose Perez-Riera says the government will invest a total of $290 million in the next decade to promote renewable energy projects.One of the first projects will be the installation of panels at a regional airport in Ponce, Puerto Rico’s second-largest city.Port Authority Director Alberto Escudero said Wednesday that the $1.7 million project will supply 750 kilowatts of energy.

Puerto Rico uses petroleum to generate nearly 70 percent of its power, which costs twice that of the U.S. mainland.