Puerto Rico
Green Energy Fund of Puerto Rico
GREEN BANK FEATURES
Year Est.
Political Landscape
Democratic Trifecta
Initial Funding
2021
The “Puerto Rico Green Energy Incentives Act” of 2010 created the Green Energy Fund (GEF) to increase green energy production and promote sustainability in Puerto Rico. Through the GEF, the Government of Puerto Rico will co-invest up to $185 million in the development of renewable energy projects on the island. Starting July 1, 2011, $20 million will be allocated to the GEF.
Legislative Funding
Implement. Process?
GOALS
The Green Energy Fund was created to provide incentive programs to help Puerto Rico residents, business owners, and government invest in green energy.