The Renewable Energy Industry in CARIFORUM Countries

GRENADA

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.7.6 | RENEWABLE ENERGY COMPANIES

There have been clear indications from the Government of Grenada that they support self- generation along with distributed generation by IPPs and other local entities. However, there is still some uncertainty in the industry stemming from delays in establishing the necessary regulatory framework. This may also be contributing to the limited number of RECs currently operating in this sector and their limited product and service offering; namely design and installation of PV systems along with consulting and training services. Some services like energy auditing are sub-contracted. RECs have on average 8 staff ranging from 1 to 16 and have been in business for an average of 9 years, varying from 3 to 15 years. Their scope of operations covers the current local market needs for the residential and commercial segments and need to enhance their labour by accessing the mobile labour markets when large projects are being undertaken. Their relationship with the other key stakeholders is depicted in the diagram right.

LEAD GOVERNMENT MINISTRIES

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

RENEWABLE ENERGY COMPANIES

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

UTILITY REGULATOR

Figure 3.37 | Relationships of Grenada’s Renewable Energy Companies

The RECs have established relationships with most of the stakeholders in the Grenada RE industry. Their weakest relations are in the private sector and financial institutions where education and awareness remain an issue. With greater policy directives to address the market uncertainties these relationships are likely to improve significantly.

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The Renewable Energy Industry in CARIFORUM Countries