ST. GEORGE’S, Grenada, Thursday November 5, 2015 – Grenada’s sole electricity supplier has signed an EC$6.4 million (US$2.37 million) deal to boost solar electricity generation across the island.
The Grenada Electricity Services Limited (GRENLEC) said it recently finalised a contract for 937kW of solar photovoltaic (PV) renewable energy spread over 13 sites, its single largest renewable energy project investment to date. While it did not disclose the other party in the deal, GRENLEC said the contract resulted from a competitive bid process conducted earlier this year.
“We are aggressively pursuing additional renewable energy installations for generating electricity cost-effectively, reliably and safely as we diversify our mix of energy sources. Our goal is to continue stabilizing electricity costs and contributing to a greener Grenada for the benefit of our customers and nation,” said Clive Hosten, GRENLEC’s Chief Engineer.
Together with GRENLEC’s existing systems, the new solar sites will bring GRENLEC’s company-owned renewable energy generating capacity to a total of 1.12 megawatts (MW), which is equivalent to approximately four per cent of Grenada’s peak power demand.
“This new project alone will offset more than 1,100 tonnes of carbon dioxide and power more than 500 homes annually through clean energy,” the company said in a statement.
“This solar initiative is part of GRENLEC’s long-term commitment to increase renewable energy generation, and achieve the shared goal of GRENLEC and the Government of Grenada for 20 per cent renewable energy by 2020. Increasing the use of renewable energy in a prudent, balanced manner can help stabilise electricity costs and reduce the nation’s dependence on foreign oil.”
The project will use multiple sites and system types to overcome the challenge of securing large parcels of suitable, available land for renewable energy installations. To date, acquiring suitable land has been one of the major obstacles to increased renewable energy generation in Grenada.
Construction of the project, including commissioning of all individual 13 installations, is expected to take approximately nine months, with commercial operation estimated for mid-2016.