The Renewable Energy Industry in CARIFORUM Countries

COMMENWEALTH OF THE BAHAMAS

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.2.6 | RENEWABLE ENERGY COMPANIES

The published energy policy does support self- generation from renewable energy systems. This creates a market for RECs which are not required to register in order to install systems. The main technology being focused on is PV and solar water heaters (SWH) with a developing research involvement in biofuels. RECs have on average 5 staff and depend on a mobile labour market to provide additional resources to implement projects. These RECs have only been in business 7 to 13 years with their focus being split between RE and EE; including design and installation, energy auditing and energy efficiency retrofits mainly for the residential and commercial segments. Their relationship with the other key stakeholders is depicted in the diagram right. RECs are few in the Bahamas and they have not been able to gain significant attention from the other stakeholder within the RE industry. They are not encouraged or engaged by government in any way to participate in the sector and have limited access to regional institutions that focus on this area.

LEAD GOVERNMENT MINISTRIES

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

RENEWABLE ENERGY COMPANIES

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

UTILITY REGULATOR

Figure 3.9 | Relationships of Bahamas’ Renewable Energy Companies

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The Renewable Energy Industry in CARIFORUM Countries