Bvi solar energy

Does the BVI have solar energy resources?

Based on renewable energy resources for proximate island nations, the BVI is estimated to have developable solar and wind resources, although no specific values have been published. In September 2014, BVIEC held a solicitation for companies to develop roughly 2 MW of solar photovoltaic Electricity Sector Overview

How much does electricity cost in the BVI?

The 2015 electricity rates for BVI are of $0.16 to $0.24 per kilowatt- hour (kWh), lower than the Caribbean regional average of $0.33/kWh. Like many island nations, the BVI is almost 100% reliant on imported fossil fuels for electricity generation, leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.

Is the BVI reliant on fossil fuels?

Like many island nations, the BVI is almost 100% reliant on imported fossil fuels for electricity generation, leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity. Electricity Sector Data The British Virgin Islands Electricity Corporation (BVIEC) was formed by ordinance in 1978.

How does Peter Island generate electricity?

The outer islands already use renewable resources to produce energy. Peter Island generates 70% of its electricity from two Wind Energy Solutions hybrid turbines rated at 250 kilowatts (kW) each, backed-up by diesel generators. Cooper Island generates more than 75% of its electric needs from solar PV and uses solar water heating.

Does Cooper Island use solar energy?

Cooper Island generates more than 75% of its electric needs from solar PV and uses solar water heating. Virgin Limited Edition has proposed building a resort on Moskito Island with enough renewable energy generation to make the site carbon-neutral.

Why should we invest in solar energy?

This project hopes to demonstrate to investors and users in the industry the commercially viability of solar energy. It will also enable further growth in the renewable energy market, supporting employment and skills development opportunities for the local community.