On Wednesday Gov. Pedro Pierluisi announced that Genera PR will officially take over the remains of the Puerto Rico Electric Power Authority and finish privatizing electrical generation on the archipelago.

On Monday, U.S. Energy Sec. Jennifer Granholm announced a $453.3 million commitment to finance rooftop solar panels and battery systems for Puerto Rico’s most vulnerable communities.

Ahead of the National Puerto Rican Day Parade in New York on Sunday, members of the Puerto Rico Not For Sale campaign are set to protest on Friday outside National Puerto Rican Day Parade Inc.’s scholarship gala at Gotham Hall in Midtown Manhattan.

With rising temperatures and the increasing threat of tropical storms due to climate change menacing Puerto Rico, many fear the islands’ access to electrical power will only worsen under privatization.

Like many firsts of May in the past, this year’s May Day will see workers and activists around the world take to the streets to demand greater labor rights and protections. In Puerto Rico, they will also be condemning displacement and environmental destruction.

It is time for the oversight board and the governor to give up the fantasy that the debt can be paid without harming Puerto Rico’s economy, pensioners, and electrical system recovery. Overly optimistic assumptions contributed to PREPA’s bankruptcy. More of the same will not solve its problems.

Puerto Rico could experience a spike in its electricity bills for the next 35 years if a debt restructuring proposal is accepted by a federal bankruptcy judge in New York.

As Puerto Rico moves toward its stated goal of 100 percent renewable energy by 2050, there are still gigantic leaps that need to be taken if it plans to reach that target date, though it is becoming increasingly unlikely that such monumental steps will be taken.

A wrap-up of this week’s most important and interesting Latino news and views from around the world and the across the internet.