BusinessGrenada.com Issue: 7 2016 -2017 | Page 68

Energy Grenlec is seeking to stabilise the price of electricity and, over time, gradually reduce the cost to its customers. To achieve this, in 2014 the management agreed a six-point strategic plan that we will briefly explore. The first strategy is to increase the proportion of Grenada’s electricity that is generated by renewable energy to 20% by 2020. This modest figure is from the government’s national energy policy of 2011. So far, this energy has come from the sun and the wind. The 30KW generated by The solar plant in Petit Martinique already produces 30KW & supplies about 20% of the energy there, so that’s one of the three islands already satisfied. In Carriacou, Grenlec intends to use wind turbines to produce 2MW, for which the European Union is providing EUR 2.5m and to which Grenlec will add a further EUR 1.5m, although Hosten acknowledges that some further backing may be needed. This 2MW represents about a 50% reduction in the diesel burnt to supply Carriacou with electricity and is over the 1.3MW peak demand that the island currently requires. The problem is how to maintain a reliable power supply when the wind drops. As with the solar power, to meet this need Grenlec requires a battery backup that would supply enough power while the old diesel generators are fired up and run until the wind picks up again. To achieve the minimal 20% on the mainland of Grenada, Grenlec is looking to produce 4MW from solar power and 8MW from wind power. The biggest problem on Grenada itself is finding land that passes 68 “ Waste is expensive to manage properly, so we might be a way of lessening the cost of proper waste management that doesn’t harm our beautiful environment and drive tourists away EC$1m to find the best likely locations for geothermal heat on land and then it will be about US$2.5m to drill a test well to find out for sure. “ and wind power is needed in Grenada, with other sources such as geothermal power providing a third reserve. Talks are underway, for instance, with the government’s waste management authority to establish a plant at Perseverance, where the already overfull waste site is becoming a problem for the nation and its wildlife, and a repelling unpleasantness for tourists. Electricity is expensive to produce in this way but, as Clive points out, ‘waste is expensive to manage properly, so we might be a way of lessening the cost of proper waste management that doesn’t harm our beautiful environment and drive tourists away.’ Directory basic due diligence of ownership. Grenlec has wanted to build a solar farm near the airport but are still in negotiaions with the statutory body of The Grenada Airport Authority. The company has also looked at the land around the old Pearls Airport, around river Antoine, and in the centre of the island but it has apparently proved too difficult to identify land with a clear legal deed holder. Hosten told us that Grenlec has been trying to secure land for wind turbines since 2006, and has been taking wind measurements from various locations since then. At the moment the company is talking with about 40 people who claim to be landowners; he hopes that five of them might be able to prove this ownership legally. The second strategic objective is to research the possibility of providing all of the nation’s power by renewable energy, and the only source of ‘green’ energy that is constant is geothermal energy. Solar delivers about 20% of its capacity; wind delivers about 35% of its capacity; geothermal energy has the reliability of fossil fuels and would return 100% of its capacity. For islands such as St Lucia and Dominica there is clear visible evidence of ample heat underground. Places such as St Patrick’s, with its enticing and warm sulphur springs, remind us that Grenada is a volcanic island and the active volcano Kick’em Jenny, bubbling away under