Tag: alternative energy
CUC urge equitable rollout of solar for greener economy
(CNS): Caribbean Utilities Company said it welcomed the publication of the Value of Solar Study (VOSS) that was released by OfReg last week. The power company that owns the electrical infrastructure on Grand Cayman and generates more than 90% of the power through diesel said it strongly supports increasing solar deployment in a manner that […]
Solar report shows CUC underpaying on CORE
(CNS): A now dated and previously secret report on the value of solar has finally been released by the utilities regulator, OfReg. But because the report took two years to complete and was kept under wraps for even longer, it calls into question the usefulness and relevance of the work, which is now more than […]
CREA welcomes ‘long overdue’ increased solar rate
(CNS): James Whittaker, the president of the Cayman Renewable Energy Association (CREA), has welcomed the recent changes made to CUC’s Consumer Owned Renewable Energy (CORE) programme after OfReg announced the rate paid by CUC to domestic renewable energy producers would increase. He said the long overdue improvement had been eagerly anticipated but disputed CUC’s claims […]
Power conference opens with regulatory meeting
(CNS): The Caribbean Electric Utility Services Corporation (CARILEC) and Caribbean Utilities Corporation (CUC) are hosting the annual CARILEC Resilient Energy Community (CAREC) Conference in the Cayman Islands this week. Over 120 members of the energy sector, including industry experts, government officials, regulators, renewable energy innovators, and stakeholders from the Caribbean, will meet under the theme […]
CUC and CREA welcome revised energy policy
(CNS): The Cayman Renewable Energy Association (CREA) and CUC have welcomed the recent publication and Cabinet’s acceptance of the new National Energy Policy and its target of getting Cayman to a 100% renewable energy supply by 2045. After years of disputes, both parties have offered their support to the policy, which requires each of them […]
UPM green-lights new 2045 target in energy policy
(CNS): Cabinet has finally approved an updated National Energy Policy more than seven months after the draft was published. In a press release about the decision to accept the revised and more ambitious plan, drafted under Wayne Panton as the sustainability minister, the Cayman Islands Government acknowledged that the process needs to move more quickly, […]
CUC will battle in court to keep solar secrets
(CNS): Officials at the Caribbean Utilities Company have told CNS that their decision to challenge the release of two reports that CUC prepared for OfReg relating to the bidding process for future power generation is to protect “commercially sensitive information” that could help competitors in any future bids. The company also said it was in […]
Utility solar needed to avert power crisis, says CUC boss
(CNS): Richard Hew, the president and CEO of CUC, Grand Cayman’s electricity provider, has warned that the island is facing a power generation crisis because the company has surpassed its ability to meet peak demand with its existing fixed diesel generators and is currently resorting to temporary, leased machines to meet it. With the rapid […]
Renewables are the way forward, says ministry
(CNS): The Ministry of Sustainability has said that the draft revised National Energy Policy makes it clear that renewable energy is the way forward for Cayman and that any use of other fuels is expected to be just an interim measure that should not increase the cost of bills. The comments follow the revelation that […]
Cayman has room for full rollout of renewables
(CNS): The suggestion that Cayman doesn’t have room to accommodate enough solar panels or wind turbines to generate all of its power from renewables has been debunked in the government’s new draft National Energy Policy. The revised policy, which is even more ambitious than the last one, has a target of generating 100% of our […]
Draft energy policy review to go to public
(CNS): More than six years after the National Energy Policy was first published, Cabinet has approved the publication of a draft updated policy and the rollout of a 30-day public consultation period. The policy, which is expected to be posted online in the coming days, covers Cayman’s energy needs and how they will be achieved […]
