Puerto Rico's New Energy Policy Initiative
Implementing SB 1121, Puerto Rico aims to revolutionize its energy system by increasing private sector participation, transitioning to renewables, promoting microgrids, and setting ambitious renewable energy standards to combat climate change.
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Presentation Transcript
Puerto Ricos New Energy Public Policy Sen. Larry Seilhamer
SB 1121 PR current Energy System Our goal: New Energy System Strong Resilient Reliable Affordable Clean Outdated, inefficient, vulnerable, unreliable Monopoly owned by PREPA, a bankrupted public corporation Collapse after Hurricanes Irma and Maria
How we will achieve our goal Increasing private sector s participation in PR s Energy System Transmission & Distribution Long Term P3 Contract Generation Independent power producers (P3/sale of plants) Drastically reduce carbon foot print Elimination of coal & oil LNG as a transition to renewables Modernize (Smart Grid) Renewable (more integration) Compliance (industry standards) Eliminate interdependence (microgrids)
SB 1121 Puerto Rico Energy Bureau Promote Distributed Generation Microgrids Solar Communities Energy Coop Stronger Independent All contracts must have PREB s approval
SB 1121 Renewable Portfolio Standard By 2022- 20% 2023-2025- 40% 2026-2040- 60% 2041-2050- 100% Climate Change & Global Warming