Caribbean Business | September 9, 2021
The United States Department of Agriculture allocated $537,363 for 11 projects in Puerto Rico tapped to receive loans and grants as part of a $464 million investment in the United States to build or improve renewable energy infrastructure and to help rural communities, agricultural producers, and businesses lower energy costs.
Luis R. García USDA Rural Development Acting Director for Puerto Rico said the agency is financing $129 million of these investments through the Rural Energy for America Program.
This program provides funding to help agricultural producers and rural small businesses purchase and install renewable energy systems and make energy efficiency improvements. These climate-smart investments will conserve and generate more than 379 million kilowatt-hours (kWh) in rural America, which equals enough electricity to power 35,677 homes per year.
According to an official release, the projects that received the loans and grants in Puerto Rico were the following:
Darok Steel Incorporated.
José Luis Perez Padin’s Dairy LLC
Eusebio Velez Lorenzo DB Criadero Jireh.
La Fundora Incorporated.
Hacienda Buenos Aires Ranch Resort LLC.
Liselie Reyes Martinez DB Clinica Dental Dra Liselie Reyes.
Agropek LLC.
Fusion Properties Management Group Incorporated.
SW Tourism LLC.
Angel R. Otero-Nazario DB Apiario Victor Grabiel.
Toa Baja Hardware LLC.