Polaris Renewable Energy Taps Trina Storage for 35.7-MW Punta Lima Battery System

Polaris Renewable Energy Inc. awarded Trina Energy Storage Solutions (Singapore) Pte. Ltd. a contract to supply battery energy storage systems for its 35.7-MW Punta Lima project in Puerto Rico, the company said in a Stock Titan report. The project is expected to cost between $55 million and $60 million and contribute about $12.5 million in EBITDA in its first year.

Trina Storage Contract and Punta Lima Project Details

Polaris Renewable Energy is a Canadian independent power producer that owns and operates 182 MW of geothermal, hydroelectric, solar and wind assets across six Latin American and Caribbean countries, according to company records. The Punta Lima BESS will consist of a single 35.7-MW system with an eight-hour duration, and the Storage Capability of 71.4 MW will be served through two four-hour energy delivery blocks.

Trina Storage has 30 GWh of BESS projects commissioned and under execution worldwide, including more than 6 GWh across Latin America and the Caribbean. The project is being advanced under Puerto Rico's Accelerated Storage Addition Program, and Polaris Power US, as Resource Provider, will receive monthly fixed and performance-based payments from the Puerto Rico Electric Power Authority for energy storage services including capacity and grid support.

Marc Murnaghan, CEO of Polaris, said: "The execution of the supply contract with Trina Storage is a significant milestone in advancing our investment in Punta Lima, moving the project from its contractual framework into equipment procurement and implementation."

Polaris Renewable's Puerto Rico Storage Approvals

Polaris Power US fully executed the BESS Standard Offer Agreement with the Puerto Rico Electric Power Authority on June 5, 2026, establishing the framework for its participation in ASAP, according to akta.pro company records. The Puerto Rico Electric Power Authority's governing board approved the 71.4 MW BESS Standard Offer Agreement for two co-located projects at the Punta Lima wind farm in May 2026, and the Financial Oversight and Management Board completed the three-step regulatory process for the agreement the same month.

Polaris Renewable's Recent Corporate Moves

Polaris Renewable Energy renewed its normal course issuer bid in August 2026, with the Toronto Stock Exchange accepting its notice of intention to repurchase up to 2,021,205 common shares, or about 10% of its public float, Stock Titan reported. The company's board declared a quarterly dividend of US$0.15 per common share in July 2026, payable on August 21, 2026 to shareholders of record on August 10, 2026, FinancialContent Business Page reported.

Punta Lima Battery Delivery and Operation Timeline

Deliveries of the BESS containers are scheduled for March and April 2027, and commercial operation of the project is expected in the third quarter of 2027. The agreement with Trina Storage will run for a 20-year term from the commercial operation date.