The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

GUYANA

3.8.6 | RENEWABLE ENERGY COMPANIES

RE companies are limited in their scope. While there are some legislative elements in place to support the industry, RECs are unable to install systems to connect to the grid because of pending regulations including the feed-in tariff (FIT). There has been a focus on PV systems for remote locations separate from the grid and utility scale deployment for the grid. EE is however widely promoted and supported by retailers of energy saving devices like LEDs. In most cases, RE and EE are not the focus of businesses. Companies have on average 5 employees and have been in operation for 6 years. There is no significant demand for RE systems in the residential and commercial sectors since there is no opportunity to connect to the grid. Their relationship with the other key stakeholders is depicted in the diagram below.

LEAD GOVERNMENT MINISTRIES

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

RENEWABLE ENERGY COMPANIES

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

UTILITY REGULATOR

Figure 3.42 | Relationships of Guyana’s Renewable Energy Companies

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The Renewable Energy Industry in CARIFORUM Countries