Economics

Renewable Power is Cost Competitive

The International Renewable Energy Agency (IRENA) in its REmap 2030 report highlighted that "renewable technologies are now the most economic solution for new capacity in an increasing number of countries and regions." This was attributed to the declining cost to deliver electricity from solar photovoltaics (PV), concentrated solar power (CSP) and wind, meanwhile hydropower, biomass… Continue reading Renewable Power is Cost Competitive

Economics, Solar Energy

Solar PPA – the straw to break the supply monopoly

Over the past couple of years I have listened to cries emanating from all sectors of the society to break the monopoly held by the Jamaica Public Service Company (JPS) on the nation's electricity market. The Honorable Minister, himself, Phillip Paulwell, has echoed similar sentiments and has publicly underscored his intention to break up the monopoly -… Continue reading Solar PPA – the straw to break the supply monopoly

Solar Energy

Solar Power Basics

The introduction of feeding in policies such as Net Metering/Billing into the Caribbean electricity markets is hoped to trigger a significant influx of grid connected solar systems, similar to the response observed in Germany, Japan, USA and other parts of the word. Notwithstanding the continued dispute over whether the Net Billing concept will provide sufficient… Continue reading Solar Power Basics