January 17, 2025 - 23:51

SAN JUAN, Puerto Rico — In a significant move to promote sustainability, the U.S. Department of Energy announced on Friday that it will allocate $1.2 billion in federal funds specifically aimed at financing renewable energy projects across Puerto Rico. This initiative is part of a broader effort to reduce the island's reliance on fossil fuels and transition towards a more sustainable energy future.
The funding is expected to facilitate various projects that harness renewable sources such as solar, wind, and hydroelectric power. By investing in these technologies, the U.S. government aims to enhance energy security and resilience in Puerto Rico, particularly in the wake of challenges posed by climate change and natural disasters.
Officials believe that this investment will not only help to stabilize energy costs but also create job opportunities in the renewable energy sector, fostering economic growth in the region. The commitment to renewable energy is seen as a crucial step towards achieving a cleaner, more sustainable environment for the residents of Puerto Rico.
June 6, 2026 - 22:38
Eli Lilly's $3.8 Billion Vaccine Bets: Here's the Big Story Many Investors Are MissingEli Lilly is making a serious push into the vaccine business. The pharmaceutical giant announced a trio of acquisitions totaling $3.8 billion, aimed at building a new division focused on infectious...
June 6, 2026 - 12:16
Are US Treasuries becoming a financial chokepoint?For decades, US government bonds were the bedrock of global finance. Investors bought them during crises, banks used them as collateral, and central banks held them as reserves. But a growing...
June 5, 2026 - 17:35
dLocal to Report Second Quarter 2026 Financial ResultsMONTEVIDEO, Uruguay, June 05, 2026 -- DLocal Limited, a cross-border payment platform that connects global merchants to emerging markets, will release its financial results for the second quarter...
June 5, 2026 - 02:30
Intel, AMD, Micron shares trim losses after Broadcom results spark semiconductor sector sell-offShares of major chipmakers including Intel, AMD, and Micron pared some of their earlier losses on Friday, following a broad sell-off that was sparked by a disappointing outlook from Broadcom. The...