Ubs energy storage Puerto Rico

Who is UBS Asset Managers of Puerto Rico?

UBS Asset Managers of Puerto Rico’s mission is to deliver innovative wealth management solutions designed to meet a client’s investment objectives over time. UBS Asset Managers of Puerto Rico advises and co-advises closed-end and open-end funds. These funds address a variety of investor needs and include equity and fixed-income funds.

Why did the Energy Department close a $861 million loan guarantee?

WASHINGTON (Reuters) - The U.S. Energy Department said on Tuesday it closed an $861 million loan guarantee to finance the construction of two solar photovoltaic farms and two battery storage systems in Puerto Rico. WHY IT'S IMPORTANT

How much money does Puerto Rico have to pay for solar?

Up to $190 million is available to Puerto Rico’s Housing Administration and a private company to pay for solar and battery installations in public housing common areas and subsidized, multifamily housing properties. Another $175 million is available for certain healthcare and dialysis centers.

Why did Puerto Rico get a power outage?

The announcement comes as the U.S. territory continues to struggle with chronic power outages that have worsened since Hurricane Maria pummeled the island as a powerful Category 4 storm in 2017, razing the electric grid. The outages also are blamed on a lack of maintenance and investment in its electric grid for decades.