French renewable energy company Fonroche is investing US$115 million in a new 44MW solar farm in Puerto Rico, according to business daily Les Echos.
The farm will cover 65 hectares and be fitted with panels from Fonroche's manufacturing facility in Agen, France. Fonroche is building the system for the Puerto Rico Energy and Power Authority, which has signed a 20-year power purchase agreement, worth US$240 million, for the electricity produced by the solar farm.
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Puerto Rico is currently experiencing something of a boom in terms of downstream installations; two months ago AEG closed financing on a 24MW project in Guayama, while other major developments are planned for Lapas (63MW) and Yabucoa (30MW).
