The Renewable Energy Industry in CARIFORUM Countries

COUNTRY INDICATOR ANALYSIS

4.1.2 | MARKET SIZE

Countries are at different stages on their RE roadmap for different reasons. Their timing has been affected by:

• The recognition of the RE industry as a national priority area. • The availability of resources to commence the transformation. • The level of innovation and entrepreneurship. • The cost of energy locally.

Electricity consumption has been prioritized by all countries in this study. They see RE and EE as priority areas and have committed resources to support their NDC and targets to transition their energy sectors. Except for Trinidad and Tobago, all territories are dependent on foreign oil. Their energy mixes vary between 0% and 60% renewable, the remainder being fossil-based. Installed national capacity varies

COUNTRY

INSTALLED INSTALLED RE PERCENTAGE MINIMUM MW MW CAPACITY MW CAPACITY RE INSTALLED FOR CONVERSION TO RE

Antigua & Barbuda

81.00

10.50

12.96% 0.22% 12.91% 54.05% 24.72% 21.04% 4.50% 14.21% 20.14% 11.77% 4.95% 3.30% 17.27% 38.82% 0.00% 14.63%

70.50

Bahamas Barbados

536.00 286.60 153.56

1.20

534.80 249.60

37.00 83.00

Belize

70.56 20.10

Dominica

26.70

6.60

Dominican Republic

3,708.00

780.00

2,928.00

Grenada Guyana

55.57

2.50

53.07

404.00 314.60

57.40 63.35

346.60 251.25

Haiti

Jamaica

1,283.00

151.00

1,132.00

St. Kitts & Nevis

88.80 91.00

4.40 3.00 8.82

84.40 88.00 42.24

St. Lucia

St. Vincent & Grenadines 51.06

Suriname

506.20

196.50

309.70

Trinidad & Tobago

2,019.00 9,605.09

0.01

2,018.00 8,199.81

1,405.28

Table 4.4 | Country Installed Capacity Statistics

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The Renewable Energy Industry in CARIFORUM Countries