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CaPRI to present country report on renewable energy options in Barbados

CO-EXECUTIVE director of The Caribbean Policy Research Institute (CaPRI), Dr Christopher Tufton, will this week travel to Barbados to chair a workshop on Barbados’ country report on renewable energy options at the Caribbean Development Bank Conference Centre in St Michael.

With funding from the European Union (EU) under its Energy Facility II programme, CaPRI has been implementing the ‘Frameworks, Policies and Instruments for Mobilising Renewable Energy in the Caribbean’ project over the past two and a half years.

The overall objective of the project is to empower both the public and private sectors and other energy consumers in the Caribbean to make informed decisions on renewable energy investments, and to provide input to policymaking in order to create an enabling environment to accelerate such investment.

The workshop will present the country report which included analyses of renewable energy technology options as well as a number of tools aimed at the public and private sector, including:

*Technology assessment tool — an online calculator which will enable Caribbean businesses and energy consumers to size and cost renewable energy systems to meet their energy needs;

* Renewable energy financing database — a searchable database of local and international financing schemes to allow energy consumers, businesses and project developers to identify appropriate financing for their renewable energy projects, large and small;

* Policies and incentives database — a complete database of incentives available for renewable energy investments in the Caribbean;

*Cost benefit analysis tool.

According to Tufton, the workshop will also include a practical session using the cost benefit tool, and an opportunity for participants to provide feedback on its usefulness. So far CaPRI has presented country reports in Haiti, St Kitts and Nevis, Grenada, and Jamaica with Barbados and Guyana left.

This CaPRI EU programme is valued at approximately 500,000 Euros over four years and represents the most in-depth database on renewable energy in the Caribbean.

CaPRI is hopeful that this database will be used by policymakers, the private sector and the general public to increase the use of renewables in the region, Tufton said.



Category/ies:Barbados News, Guyana News, News, RE Technologies, Regional News.
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