02:10 PM EDT, 07/18/2024 (MT Newswires) -- AES ( AES ) and TotalEnergies (TTE) joint venture Clean Flexible Energy received a conditional loan guarantee of up to $861.3 million from the US Department of Energy, the department's Loan Programs Office said Thursday.

The loan guarantee will finance two solar farms with battery storage with 200-megawatt capacity and two standalone battery storage systems with up to 285-megawatt capacity in Puerto Rico.

Clean Flexible Energy must meet technical, legal, environmental and financial qualifications before DOE authorizes the loan, the statement added.

Neither AES ( AES ) nor TotalEnergies immediately responded to MT Newswires' requests for comment.

Price: 17.12, Change: +0.22, Percent Change: +1.33