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Fonroche Puerto Rico Solar Farm: French Company To Invest Millions In Energy Project

Fonroche Puerto Rico Solar Farm

11/17/11 03:03 PM ET   AP

SAN JUAN, Puerto Rico -- A French company says it will invest $115 million to build a 44-megawatt solar farm in Puerto Rico.

Fonroche said this week that the farm will be built on 160 acres (65 hectares) and will provide power to the state-owned electric company as part of a 20-year, $240 million contract.

Fonroche is the latest foreign renewable-energy company to invest in the U.S. Caribbean territory.

Virginia-based company AES Solar announced in October that it would build a solar energy project in southern Puerto Rico.

The island's southern coast also will be home to the Caribbean's largest wind farm in a project featuring 44 turbines built by San Francisco-based Pattern Energy.

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Filed by Chris Gentilviso  |