Project sizes...the 150mw cap...and where the losers end up.List of shovel ready projects by size:
- CIRO One...90 mw
- Montalva......80 mw
- Xzerta-Tec...60 mw
- Atenas.........40 mw
- Resun.........35 mw
- Solaner.......35 mw
- Moravis........33.5 mw
- Blue Beetle 30 mw
- Caracol........30 mw
- SolarBlue....25 mw
- Guayama.....25 mw
- REA Vega.....25 mw
- REA Hatillo..25 mw
- Sierra............25 mw
- San Juan......20 mw
- Vega Baja.....15 mw
A maximum of 6 smaller projects could squeeze under the 150mw cap.
A maximum of 2 big projects (CIRO+Xzerta) would also equal 150mw.
Montalva and 2 or 3 other projects could also create the 150mw.
So what happens to the losers? According to PREPA in an email dated Sept 2, 2020:
"For those who do not make it through this round, PREPA has also already begun preparation of a new request for proposals ("RFP"), and will invite those parties to submit their project again in that process. The recently approved Integrated Resource Plan for Puerto Rico contemplates the need for over 3,500 MW of renewable energy generation by 2025, highlighting the need for many RFP's and future opportunities for those who do not make it at this time to continue pushing their projects ahead."
Quote from page 15 of the link located here:
https://energia.pr.gov/wp-content/uploads/sites/7/2020/09/20200922-0007-Mocio%CC%81n-Para-Retirar.pdf So those who aren't part of the 150mw should still get built sometime between 2021 and 2025. That would not be good for the share price to experience a delay like that...and I'm pretty sure the FOMB would want to see a lower price per kw the further out a project gets built.
Let's hope Montalva makes the cut.