The Renewable Energy Industry in CARIFORUM Countries

SAINT LUCIA

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.12.6 | RENEWABLE ENERGY COMPANIES

The energy policy of the Government of Saint Lucia includes RE as an option in achieving their national goals and their studies have confirmed its cost effectiveness and viability. Only 3 RECs are currently documented as operating in this sector and they only offer design and installation of PV systems along with auditing services and the retailing of some EE equipment. A low level of sub-contracting is provided to RECs for projects funded by foreign investors and the local utility. RECs have on average 3 staff and have been in business for an average of 4 years. The RECs have confirmed that they are able to meet most of the local market needs for the residential, commercial and Government segments. This is only possible because the residential and commercial demands for RE system in the current regulatory environment are low. Tourism is the most active sector because of hotels’ involvement with the Caribbean Hotel Energy Efficiency Action Programme (CHENACT) project created by the Caribbean Tourism Organization (CTO), the Caribbean Hotel & Tourism Association (CHTA), and the Inter-American Development Bank (IDB) to propel the Caribbean hotel sector towards energy efficiency. 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 3.62 – Relationships of Saint Lucia’s Renewable Energy Companies

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The Renewable Energy Industry in CARIFORUM Countries