Microgrids are local area energy grid clusters, with the capability of interconnecting with other similar systems. Genmoji renewable energy microgrids are designed around an independence mindset that affords them unparalleled resilience and offers the prospect of economic prosperity for small to medium sized communities.
Puerto Rico’s newly passed legislation, Law 258, allows for the first time, the development and formation of nonprofit energy cooperatives in the island. The law requires that each Coop be a non-for-profit organization, comprised of no less than 5 members, to support a community in its efforts to become more resilient and have access to affordable energy. Genmoji is currently on multiple phases of development for several Coop microgrid projects around Puerto Rico. If your organization is interested in pursuing an energy coop microgrid project, please contact us here. Together, we can write the book of resiliency for the rest of the world.
Opportunity zones Microgrids
Opportunity Zones are census tracts generally composed of economically distressed communities that qualify for the Opportunity Zone program. These were created to stimulate private investment in financially distressed communities in exchange for capital gain tax incentives. Puerto Rico is almost entirely zoned as an Opportunity Zone (94% OZ). As such, investing into qualified projects in Puerto Rico, which is part of the U.S. and is therefore protected by the same property rights and other legal regulations as are applicable in the mainland, is now a highly strategic investment for minimizing capital gains tax for investors who plan to keep their reinvested capital within the territory.
Many of the current potential OZ projects in Puerto Rico would require an energy microgrid element, to ensure energy resiliency, and long-term low energy rates. Genmoji has partnered with several OZ development organizations in PR, offering design, construction, implementation and maintenance of energy microgrids within Opportunity Zones. Please contact us here to learn more about energy OZs in Puerto Rico and ho to benefit from them, wether you are in the energy business, or just interested in better ways to grow your money while doing social good.
A NEW KIND OF Power Purchase Agreement
Puerto Rico is one of the most exciting renewable energy investment markets in the world right now. Entry into this market requires fine tuned expertise with local experience in the development of inclusive microgrid models. Genmoji has established a “dream team” of renewable energy space experts with the most enviable history of projects in the island, as well as alliances with several international and US based organizations offering an array of energy generation technologies and services to deliver a complete long term industrial level off taker PPA solution to large private, public, and cooperative clients in Puerto Rico and the Caribbean. With the financial backing of AAA credit rating organizations, and the most advanced renewable energy technology, Genmoji delivers the lowest kilowatt hour rate in the region, all while providing unparalleled return on investment peace of mind, on projects worthy of replication around the world.