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Renewable Energy Sector Development in the Caribbean: Current ...

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Figure 3 Sensitivity of PV LCOE to Installation CostCountryTechnologyProjectSize (MW)AnnualGeneration(GWh/yr)<strong>Current</strong> GenerationCO2 Intensity (kgCO2/kWh)Total AnnualCO2 Sav<strong>in</strong>gs('000 MT/yr)Jamaica W<strong>in</strong>d 38.70 115 0.944 120N. Antilles W<strong>in</strong>d 39.00 132 0.944 125Grenada Photovoltaics 0.12 0.237 0.66 0.16Barbados SWH 185.5 1.106 200Table 3 Green House Gas Emissions Sav<strong>in</strong>gs<strong>Energy</strong>TechnologyW<strong>in</strong>dW<strong>in</strong>dProjectWigton W<strong>in</strong>dFarmNu Capital,CuracaoSource of NumbersProject sizeEquipmentLifetime (years)Employment ComponentsCIM(jobs/MW<strong>in</strong>stalled)O&M(jobs/MWactual)CapFactor20.7 MW 25 3.88 0.59 0.3412MW 25 1.50 1.43 0.35W<strong>in</strong>d NuCapital, Aruba 30MW 25 1.50 0.85 0.47AVG(personyears/GWh)Solar PV Grensol Ltd 65KW 25 0.00 30.77 0.22 16.190.17SWHSolar DynamicsLtd140,000 MWhsaved20 0.59 0.22 0.31Table 4 Estimates of Direct Employment BenefitsThe spread of photovoltaics <strong>in</strong> Grenada has lead to 16.19 person-years/GWh (although this islikely to decrease <strong>in</strong> <strong>the</strong> near future as <strong>the</strong> number of <strong>in</strong>stallations <strong>in</strong>creases) and a total annualsav<strong>in</strong>gs of 160 tonnes CO 2 . Most impressive are <strong>the</strong> <strong>in</strong>direct impacts of energy efficiencytechnology <strong>in</strong> Barbados where <strong>the</strong> high penetration of SWH has led to a sav<strong>in</strong>gs of 185GWh/year and a total sav<strong>in</strong>gs of 200,000 tonnes CO 2 /year. Wigton is <strong>the</strong> first <strong>Caribbean</strong>renewable energy project to capitalize on <strong>the</strong>se impacts through register<strong>in</strong>g with <strong>the</strong> CDM but<strong>the</strong>re is clearly potential for o<strong>the</strong>r technologies to pursue a similar route.12

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