Climate change is a very real threat which is forcing Caribbean countries to seek sustainable, renewable and carbon free resources of energy, as carbon and other greenhouse gas (GHG) emissions have increased dramatically in the past few decades.

The use of solar power is on the rise in the Caribbean as a solution to lower energy consumption costs and increase resiliency against hurricanes and other natural disasters. Many Caribbean countries have around 217 days of sunshine a year, the Caribbean has excellent solar resources enabling solar PV plants to generate electricity at similar or less expensive costs than conventional power plants. The rising cost of fuel also heightens the price of traditional power sources which makes solar power an environmentally and fiscally responsible choice for residential and industrial users.

During his speech in 2021 at the National Budget presentation, Trinidad’s Finance Minister Colm Imbert said, ‘We are implementing renewable energy electric power in accordance with our commitments under the Paris Accord. We have secured through a competitive procurement process two bidders who will deliver 112 megawatts of power to the electric grid; upon completion the project would be the largest solar project in the Caribbean and the tariff now being negotiated would be extremely competitive relative to existing tariffs.’

He said additionally, government will pursue development opportunities by introducing green petrochemicals through the substitution of hydrogen from the natural gas reform process.

Contact KVR Energy and do your part in saving the environment for future generations. Through solar installation, you can reduce greenhouse gas emissions and drastically reduce your carbon footprint. Help us help you in saving our planet.

Trinidad and Tobago Solar Energy Market – Growth, Trends, (globenewswire.com)