Coast Guard participates in renewable energy project

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Four Coast Guard sites in Puerto Rico are getting a $50 million green renovation for an investment of $13.8 million, in part from a financing tool that embeds a Renewable Energy Services Agreement within an Energy Savings Performance Contract.

The project marks the first time the financing structure was used by the U.S. government and allowed for green improvements to 35 buildings and 411 housing units at Sector San Juan, Rio Bayamon housing, Air Station Borinquen and Air Station Borinquen housing.

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