Polaris SO1 battery storage agreement wins Puerto Rico FOMB approval

  • Polaris Renewable Energy secured Financial Oversight and Management Board of Puerto Rico sign-off for its BESS Standard Offer Agreement under Puerto Rico Accelerated Storage Addition Program.
  • Decision clears final major regulatory hurdle for 20-year contract between PREPA and Polaris subsidiary Polaris Power US to build 71.4 MW battery storage at Punta Lima wind site.
  • Agreement sets storage capability payment at USD 16,000 per MW per month, rising to USD 20,600 if investment tax credits are not obtained, subject to FEOC-related conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polaris Renewable Energy Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605120750ACCESSWRNAPR_____1166087) on May 12, 2026, and is solely responsible for the information contained therein.

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