Polaris Signs Battery Supply Deal for Puerto Rico's Punta Lima Storage Project
Polaris Renewable Energy has signed a contract with Trina Storage for a 35.7 MW battery system at Punta Lima, with commercial operation expected in Q3 2027.
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what happened
Canada-based Polaris Renewable Energy said it has awarded and executed a supply contract with Trina Energy Storage Solutions (Singapore) for battery energy storage systems at its Punta Lima project in Puerto Rico. The project falls under the Accelerated Storage Addition Program and will feature a single 35.7 MW system with an eight-hour duration.
According to the company, gross capital expenditures are estimated at US$55 million to US$60 million and will be funded from cash on hand. Polaris expects the project to add roughly US$12.5 million of EBITDA in its first year of operation. Container deliveries are planned for March and April 2027, with commercial operation expected in the third quarter of 2027 and a 20-year contract term.
why it matters
The story concerns a single project at a small Canadian company, so its reach beyond Polaris investors is limited. For shareholders it confirms the move from contract framework to equipment procurement, while for Puerto Rico's storage market it shows more batteries being paired with existing generation to improve grid reliability.
market impact
Polaris Renewable Energy: progress from contracts to procurement and construction is the main driver for the company.
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