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.