The Renewable Energy Industry in CARIFORUM Countries

ST. KITTS AND NEVIS

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.11.2 | UTILITIES REGULATOR There is no independent regulatory body in St. Kitts. Only IPPs may connect to the national grid and they are required to apply to the utility and the lead ministry for permission and terms and conditions for connection. Other residential and commercial installations are for self-consumption and not for the national grid. 3.11.3 | FINANCIAL INSTITUTIONS The financial institutions in St. Kitts are not very engaged with the other RE Industry stakeholders. Commercial banks tend to treat RE requests like any other request and offer no preferential treatment. The RE Industry is also quite small and mostly self-financed. Investment opportunities by residential and commercial businesses are limited since no interconnection regime is in place. Consequently, the FIs are not being called upon to play a significant role. The FI stakeholder relationships are extrapolated from the other stakeholders that interact with them.

3.11.4 | PRIVATE SECTOR INSTITUTIONS

The St. Kitts private sector institutions show interest in the RE sector. Their responsibilities in the private sector include investment promotion and facilitation of government incentives, trade promotion, advocacy, training and aftercare services. Investment in RE is a primary focus; in line with national strategies. PSIs with a local focus do assist those members who supply EE equipment and a limited amount of RE equipment to the market since there are no dedicated RE companies and little demand for RE services. PSIs have between 3 and 10 persons to execute their mandate with an average of 6 staff. The investment entities have the higher compliment of persons and this provides adequate human resources to support the Governments strategy to advance their RE implementations. They see access to finance and tax waivers on RE products as two areas that would boost the sector and increase implementation. Their relationship with the other key stakeholders is depicted in the diagram below.

LEAD GOVERNMENT MINISTRIES

UTILITIES REGULATOR

REGIONAL INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.56 | Relationships of St. Kitts’ Private Sector Institutions

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The Renewable Energy Industry in CARIFORUM Countries