Puerto Rico Manufacturers Association and Borrego Solar Partner to Co-Host Seminar on Commercial Solar Development
Energy Representatives, Industry Leaders and Government Officials to Discuss Puerto Rico's Solar Landscape, Financing and Development of Commercial Solar Projects
San Juan, Puerto Rico–April 17, 2013—Borrego Solar Systems, Inc., a leading designer, installer and financier of grid-tied solar photovoltaic (PV) systems, today announced that it will be co-hosting a breakfast seminar with the Puerto Rico Manufacturers Association on commercial solar development in Puerto Rico on May 1. The seminar will outline how business owners can familiarize themselves with Puerto Rico's solar market and obtain additional savings by learning how to evaluate, finance and execute commercial-scale solar projects.
This event follows the government of Puerto Rico's passing of a series of laws to facilitate the development of renewable energy resources in Puerto Rico, in a concerted effort to meet the challenges of the island's high energy costs and associated dependence on fossil fuels for over 70 percent of its electricity generation. Under these laws, which include a Renewable Portfolio Standard requirement for the government-owned corporation responsible for electricity generation in Puerto Rico, businesses in Puerto Rico can install PV systems of up to 5 MW (alternating current) in scale, under net metering legislation passed in Act 114 (2007) and Act 211 (2008, expanded in 2012).
The seminar will assemble energy industry representatives, government agency administrators and other industry leaders to discuss the current state of commercial-scale solar in Puerto Rico, and to review the different opportunities for businesses on the island. Attendees will gain knowledge of what to look for when evaluating a solar project and how they can be financed, developed, constructed and interconnected. Solar professionals and industry experts will be available during and after the seminar to answer questions from attendees regarding any aspect of PV project development in Puerto Rico. Among other themes, speakers will:
*Identify regulations and incentive programs that make solar viable for commercial operation in Puerto Rico
*Discuss best practices for conducting a technical and economic feasibility analysis of a potential solar project
*Outline the process for engineering, permitting and constructing a solar project
*Define and compare the benefits of each project financing and procurement option available to businesses installing solar PV projects in Puerto Rico
"Puerto Rico has rapidly become a hot market for solar, with high energy costs, governmental incentives and rebates and lots of sun, so commercial businesses are more interested than ever in going solar," said Juan Rodriguez, senior project manager at Borrego Solar. "This seminar will be a great opportunity for Puerto Rican businesses to learn how to take advantage of the opportunities and benefits available, as we'll cover the entire commercial-scale solar development process from start to finish."
The seminar will be held on May 1, 2013 from 8:30 a.m. to 12:30 p.m. AST at the Puerto Rico Manufacturers Association office: International Marketing Center 2nd Tower, Suite 702, Road 165, Guaynabo, Puerto Rico 00968. Breakfast will be provided to all registered guests. To register to attend the breakfast seminar and/or view the full agenda, please visit: www.eventbrite.com/event/5761413543.
About Borrego Solar
Established in 1980, Borrego Solar Systems, Inc. is one of the nation's leading financiers, designers and installers of commercial and government solar power systems. Borrego Solar's photovoltaic systems are efficient, reliable and cost-effective. With more than three decades of experience and more than 1,000 solar power installations completed—totaling more than 54 MW—Borrego Solar offers a complete line of solar systems design and installation services throughout the country. For more information, visit www.borregosolar.com.
About the Puerto Rico Manufacturers Association
The Puerto Rico Manufacturers Association is a private, voluntary, non-profit organization established in 1928 with the purpose of uniting all Puerto Rico's manufacturers and service industries into a strong and effective body in order to further their mutual interests as they relate to the private and public sectors of the Commonwealth of Puerto Rico. For more information, visit www.prma.com.