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St Lucia may become geothermal energy exporter

With the exception of Trinidad and Tobago, most Caribbean nations are net energy importers. However, the island of St Lucia is now beginning to explore the renewable energy front.

As reported last month, St Lucia’s government has signed an agreement with US-based Qualibou Energy for the development of a geothermal plant.

If successful, the plant will generate 12 megawatts of electricity by 2012, and another 108 MW of capacity will be in operation by 2015, potentially making St. Lucia an energy exporter. Through a 30-mile sea cable linking it to Martinique, the plant will allow St Lucia to export about 80 MW of electricity to its neighbour by 2015.

St Lucia has had its geothermal sources tested since the 1970s and US$30 million has been invested in the research and development in the southwestern portion of the island.

Qualibou estimates that this area of geothermal activity, located near the small town of Sulphur Springs, has as much as another 170 MW of potential electricity available.

About US$60 million has been invested in the current phase of the geothermal plant, but Qualibou believes that the power purchase agreement reached with St Lucia’s utility can produce revenues of up to US$100 million.

Source: Caribbean News Nows

Category/ies:St Lucia News.
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