Renewables supply less than a tenth of Caribbean electricity, and the region depends on international fuel markets to generate the rest. Contracts signed in the region itself show that fossil generation is no longer the cheapest way to produce electricity. Many countries have set renewable targets, but not all can be measured. Of those that can be measured, none are on track.
This report titled, “Renewable Caribbean: towards energy independence” published by EMBER, examines fossil power dependence in thirteen Caribbean countries (Antigua and Barbuda, the Bahamas, Barbados, Cuba, Dominica, Grenada, Haiti, Jamaica, the Dominican Republic, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Saint Lucia and Trinidad and Tobago)
It explores the evidence on the deployment of renewables: what they cost, what utilities agreed to pay, what national targets commit to, what has been delivered, and how much of the solar build-out official statistics miss. It proposes three policy changes to accelerate renewable deployment. It is published ahead of the XI Energy Week of the Latin American and Caribbean Energy Organization (OLACDE).
Access the full report here