A Solar and Storage Company that invests in the development, financing and operation of renewable energy projects in the Americas with over 75 MW of operating solar assets

TOTAL ENERGY PRODUCED

0

kWh

As result of Yarotek’s activities on the island

0

MILLION CO2 EMISSIONS
REDUCED

0

MILLION OF TREES
SAVED

0

BARRELS OF OIL
NOT CONSUMED

0

MILLION MILES
WITH AN ELECTRIC CAR

Based on actual energy production until 06/30/22, estimating future production
assuming normal weather and conditions and no extraordinary interruption.

Timeline

  • 2009
  • 2010
  • 2011
  • 2012
  • 2013 
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2009 - Concept Development 

    2009

    Samy and Lenny, the company’s cofounders, considered a range of clean tech sectors, including solar, wind, water and waste to energy. A key theme was to explore how Israeli technologies in these fields could be integrated into the company’s business development. Ultimately, Yarotek was launched with an initial focus on solar power in Puerto Rico.

  • 2010 - November Yarotek’s first PPA with PREPA 

    2010

    After over six months of getting acquainted with the Puerto Rico electric power authority, Yarotek signed its first power purchasing agreement (PPA) for 50 MW.  Yarotek explored introducing concentrated solar power to the island in partnership with a leading Israeli enterprise before adopting photovoltaic as the preferred technology.  

  • 2011 - Strategic Partnerships with Sonnedix 

    2011

    Several months after securing its PPA, Yarotek entered into a strategic partnership with synthetics, a global solar independent power producer. Ultimately this relationship led to the development, construction and operation of two utility scale solar power plants (Oriana and Horizon) in Puerto Rico – with additional facilities in our joint pipeline.

  • 2012 - Land Acquisition Permitting & Grandfathering of Equipment to retain cash grant status (taking oppt in the tax code) 

    2012

    Over the course of 18 months, Yarotek analyzed several land possibilities around relevant interconnection points for it’s 50 MW project. Ultimately, we secured almost 300 cuerdas/acres suitable for the construction of a solar power plant. Moreover, the Oriana partnership purchased approximately) 12 million of inverters to qualify for the 30% cash grant incentive.

  • 2013  - Permitting Completion for Oriana 

    2013 

    Extensive permitting was completed to ensure that the designated land met all zoning, environmental and suitability requirements. 

  • 2014 - Construct of BH and Horizon began

    2014

    Construction began on Horizon, the 15.5 MW facility within the Sonnedix-Yarotek joint venture as well as the 874 kW Ballester Hermanos refrigerated warehouse roof mount, Yarotek’s inaugural commercial/industrial solar plant.

  • 2015 - Completed Ballester Hermanos & Horizon

    2015

    Horizon is located in Salinas, Puerto Rico on 10 “cuerdas”, with a capacity of 10-megawatts AC (15.7 MWp) generated by over 167,000 thin-film solar panels grouped in ground-mounted fixed-tilt arrays. Ballester Hermanos is a distributed generator connected to the Utility grid under a Net-Metering Agreement with the client with capacity of 750 kWac (874.23 kWp) generated by 2,534 monocrystalline solar panels, located at the building rooftop – mounted on “ballast-mounted” fixed-tilt arrays.

  • 2017 - Centro Sor Isolina Ferre Development & Maria hits PR  

    2017

    CSIF Eenergy PV System (“CSIF”) is a distributed generator connected to the Utility grid under a Net-Metering Agreement with the client with capacity of 164 kWac (208.3 kWp), generated by 637 Sunpower monocrystalline solar panels, located at the building rooftop on fixed-tilt racking arrays.

  • 2018 - First tax equity transaction closed 

    2018

    Following the expiration of the cash grant for projects completed after 2016, Yaroetk negotiated a $10 million, multi-year facility with GAF, one of the country’s leading tax equity providers. GAF and Yarotek have already partnered on two commercial project, with several more in our pipeline. 

  • 2019 - Grandfathering of Panels & Additional Facilities go Online 

    2019

    CSIF – Tabaiba and Caimito. 

    1 Mgh of modules were purchased and grandfathered to enjoy full 30% investment tax credits for any projects in respect to which the panels would be deployed.

  • 2020 - Yarotek 10 year anniversary & First rapid-shutdown system in the island 

    2020

    Becton Dickinson and Colegio de Ingenieros (first rapid-shutdown system).

  • 2021 - Yarotek expands into mainland US

    2021

    After over a decade focusing nearly exclusively on Puerto Rico, Yarotek decided to invest additional human and other resources to expand its business to the continental United States.

  • 2022 - Yarotek continues to expands into mainland US

    2022

    As part of its foray into the continental US, Yarotek secures site control of 2,000+ acres for four projects totaling over 290 megawatts of capacity in Virginia and Ohio. Additionally, Yarotek obtained PJM Queue positions for each of the four projects and has initiated the Conditional Use Permit (CUP) process for all of them.