Grenada energy storage peak and valley subsidy

How can Grenada achieve a sustainable future?

3.1. Intensify the diversification of generation mix and develop the potential of Grenada’s indigenous energy resources (geothermal, wind, solar), increasing the share of electricity generated by renewable energy sources, in conjunction with the pledged climate mitigation efforts and the gradual phasing out of fossil fuels 3.1.a.

Does Grenada have a wind farm?

Grenada has had success with implementing energy effi-ciency and renewable energy projects. To date, GRENLEC has assessed five sites on the main island and two on Carriacou for wind farm feasibility. A wind-die-sel hybrid has been discussed for Petite Martinique, but its development is on hold.

Does Grenada have electricity?

Electricity. Grenada has established a legal framework for the accelerated development of the supply of electricity from renewable energy, through the Electricity Act No19 of 2016 (amended in 2017) and the PURC Act No20 of 2016 (amended in 2017). The electricity subsector is currently under transformation.

How much does electricity cost in Grenada?

The 2015 electricity rates in Grenada are $0.34 per kilowatt-hour (kWh), in line with the Caribbean regional average of $0.33/kWh. Like many island nations, Grenada is almost 100% reliant on imported fossil fuels for electricity generation, leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.

How much does solar cost in Grenada?

According to data from 2014, the costs of utility-scale solar in Grenada are estimated to be between $0.21/kWh and $0.44/kWh; wind costs are estimated to be between $0.05/kWh and $0.20/kWh.

Why is Grenada a good country?

The Government of Grenada (GoG) is committed to transforming the country into a more prosperous and resilient economy, where every citizen can live in harmony with the environment and benefit from the development of energy resources and the economy in a sustainable manner. Energy is a fundamental requirement for the development of the nation.