The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

BARBADOS

3.3.4 | PRIVATE SECTOR INSTITUTIONS

The Barbados private sector institutions seek to support the development of business activities at homeandabroad.This includesawareness,advocacy, interventions with government and regulator and investment. Two institutions focus specifically on RE and they all have a good appreciation for the need of the country and the RE industry stakeholders. There is sustained involvement in the pursuit of the national goals and targets in relation to RE. This is seen in their levels of consultation and collaboration on issues related to RE. Within each PSI, there is an average of 7 RECs. Apart from the 2 focused voluntary associations, Barbados Renewable Energy Association (BREA) and the Barbados Energy Professionals Incorporated (BEPI), PSIs cover multiple sectors within the economy. Their average staff of 25 persons provide reasonable cover for the RE industry. They all agree that there needs to be more awareness and sensitization in the consumer market, more training for professionals and more opportunities provided for the local RECs. As associations, members of BREA and BEPI are all effectively part-time; 25 and 5 respectively. BREA’s Secretariat has 1 full-

time person. Their relationship with the other key stakeholders is depicted in the diagram below.

PSIs relationships with other stakeholders are varied. However, they all agree on the necessity for the relationships and the need to improve them.

LEAD GOVERNMENT MINISTRIES

UTILITIES REGULATOR

REGIONAL INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.14 | Relationships of Barbados’ Private Sector Institutions

Barbados Renewable Energy Association (BREA) and the Barbados Energy Professionals Incorporated (BEPI), PSIs cover multiple sectors within the economy.

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The Renewable Energy Industry in CARIFORUM Countries