Investment Opportunities in the Caribbean - 2024

SUSTAINABLE DEVELOPMENT | THE BAHAMAS

NAME OF PROJECT:

ELEUTHERA ENERGY

Boost to Local Infrastructure: The establishment of such a facility often acts as a catalyst for local infrastructure development, enhancing connectivity, transportation, and other auxiliary services.

Eco Energy Bahamas Limited stands as a testament to the growing commitment towards sustainable and eco-friendly energy solutions in the Bahamas. Wholly owned by Bahamians, this company is at the forefront of a green energy revolution with its proposed Hybrid Energy Facility on the pristine island of Eleuthera. 5MW Solar Farm with Battery Storage: Harnessing the abundant sunshine the Bahamas receives, the solar farm is an eco-friendly source of power that emits no greenhouse gases. Paired with advanced battery storage systems, it ensures that generated solar energy is not just harvested but also stored for times when the sun isn’t shining, providing a constant energy flow. 10MW LNG Supply, Storage, and Regasification Plant: Liquefied Natural Gas (LNG) has emerged as a cleaner burning fuel compared to conventional fossil fuels. With its own storage and regasification unit, this component of the facility guarantees a steady supply of energy, supplementing the solar farm and ensuring energy demands are always met. 10MW Generator Sets: These serve as a backup and additional source of energy, ensuring that there’s no energy shortfall during peak demands or unforeseen circumstances. Economic Benefits: Job Creation: From construction to ongoing maintenance and operation, the facility will provide numerous job opportunities for locals, contributing to the economic well-being of Eleuthera and the Bahamas at large. Energy Cost Savings: A mix of solar and LNG means reduced dependence on imported fossil fuels, leading to stabilized energy prices and potential cost savings for consumers in the long run. The facility is set to incorporate three primary • • • • •

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Environmental Benefits:

Reduction in Carbon Footprint: The solar component is emission-free, and LNG, although not entirely emission free, is cleaner than most traditional fuels. This translates to significantly lower greenhouse gas emissions. Conservation of Natural Resources: The modular nature of the facility ensures efficient use of resources. Solar energy, in particular, is renewable and abundant, allowing the Bahamas to reduce its dependence on depleting fossil fuels. Reduced Land and Water Pollution: The hybrid facility minimizes waste, leaks, and other environmental hazards, ensuring the natural beauty of Hatchet Bay remains intact.

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MODE OF INVESTMENT: Debt or equity INVESTMENT AMOUNT (USD): $15,000,000

CONTACT PERSON: Ms. Tonya Cummins | E: tcummins@carib-export.com

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