Projects and Pipeline
Puerto Rico Opportunity
The opportunity to support Puerto Rico in its efforts to strengthen its energy grid through solar and battery storage development embodies the founding principles and core values of XM Solar Finance. Through our partnerships, XM Solar Finance has a substantial pipeline of solar and battery storage development projects on the island, which will make a tangible positive effect on underserved communities while delivering a sustainable long-term solution to a dramatically underpowered region. Our projects will bolster the commercial viability of the island and serve as building blocks to the territory’s economic growth.
Solaner
A 40MW solar development located in San Germán on Puerto Rico’s West coast. The historic town is the second oldest city on the island and is near the prominent industrial municipality of Mayagüez. The project is anchored by a 25-year offtake agreement with the Puerto Rico Electric Power Authority (PREPA). XM Solar Finance will break ground with development partner GCI, Inc. by June 2025, with expected completion by late 2026.
XM Solar Finance Puerto Rico Pipeline
XM Solar Finance has a +$800MM pipeline of solar and battery storage projects across the island. Three of the projects are expected to break ground within the next 12 months, with the additional 10+ projects to be completed over the next five years. The pipeline represents a sizeable opportunity, comprising 980MW in solar and 900MW in battery storage.