Polaris Renewable Energy Awards Key Supply Contract and Issues Notice to Proceed on Punta Lima Battery Storage Investment

What happened: Polaris Renewable Energy (TSX:PIF) awarded and executed a BESS supply contract with Trina Energy Storage Solutions for its Punta Lima project in Puerto Rico and issued notice to proceed. Key numbers: Single 35.7 MW system with 8-hour duration; Storage Capability of 71.4 MW served through two four-hour blocks; estimated gross capex US$55 million to US$60 million, funded with cash on Why it matters: Polaris said the contract moves Punta Lima from its contractual framework into equipment procurement and implementation, advancing its investment under Puerto Rico's ASAP program.

Polaris Renewable Energy (TSX:PIF) awarded and executed a BESS supply contract with Trina Energy Storage Solutions for its Punta Lima project in Puerto Rico and issued notice to proceed.

Polaris said the contract moves Punta Lima from its contractual framework into equipment procurement and implementation, advancing its investment under Puerto Rico's ASAP program.