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United States of America: DOE provides a USD 585 million loan guarantee to Convergent Energy and Power Inc for solar and battery storage projects in Puerto Rico

Description

On 17 January 2025, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) approved a USD 584.5 million loan guarantee to Convergent Energy and Power Inc (Convergent). This funding will supp...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Jan 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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