The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

GRENADA

3.7.4 | PRIVATE SECTOR INSTITUTIONS

The Grenada private sector institutions have overall responsibility to support economic development amongst businesses through advocacy, capacity building and assistance in accessing financing. On average, PSI membership includes 1 REC. They are currently equipped to adequately execute their mandate on behalf of their members but may be challenged to keep up with a developing RE industry which will require significant public sector support in order to become viable. They recognize the need to provide training for awareness and education within the population so that the benefits of RE may be better understood. PSIs also believe that the government needs to consider the subsidization of the initial investment costs of commercial and utility scale projects to boost foreign direct investment (FDI) and greater local support from commercial banks. Their relationship with the other key stakeholders is depicted in the diagram right.

little demand from RECs for representation from the PSIs in the form of lobbying, technical or financial assistance to develop their businesses. However, PSIs remain open to stakeholder consultations.

LEAD GOVERNMENT MINISTRIES

UTILITIES REGULATOR

REGIONAL INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

There have been limited opportunities to invest in RE systems to sell energy to the national grid and

Figure 3.36 | Relationships of Grenada’s Private Sector Institutions

3.7.5 | HIGHER EDUCATION INSTITUTIONS

The main tertiary institutions in Grenada are T. A. Marryshow Community College (TAMCC) and the St. George’s University (SGU). a) TAMCC was stablished was established by the Government of Grenada in 1988 by a merger of several educational institutions. b) SGU was founded as an independent School of Medicine in 1976 and opened its doors to students in 1977. Unfortunately, there are no renewable energy courses being offered in Grenada and no specific plans exist to do so soon. Currently, they play no significant role in the RE Industry and have no research capacity. The HEI stakeholder relationships are extrapolated from the other stakeholders that interact with them.

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The Renewable Energy Industry in CARIFORUM Countries