Puerto Rico advances on its delayed accelerated BESS deployment programme

AI Summary

• •Puerto Rico's energy regulator (PREB) has issued a resolution mandating the Puerto Rico Electric Power Authority (PREPA) to complete the Accelerated Battery Energy Storage Addition Programme (ASAP).
• •This regulatory order signals a firm commitment to significant BESS deployment, creating a clear and mandated market opportunity for storage developers and IPPs.
• •The directive represents a direct policy intervention to accelerate grid modernization and enhance resilience, which will likely improve grid stability and potentially reduce energy costs for large power consumers.
• •While specific project announcements are not detailed, the mandate ensures a pipeline of BESS projects under the ASAP program will move forward, requiring developers to prepare for upcoming solicitations and interconnection processes.

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