Tag: alternative energy
OfReg and CUC to define ‘fair price’ on solar
(CNS): Both the Utility Regulation and Competition Office (OfReg) and Caribbean Utilities Company have begun separate and independent studies to gather evidence on a price that is fair for solar providers and for customers as the Cayman Islands inches towards a much-needed expansion of alternative, renewable fuel supplies. But in the face of the current […]
CUC cuts deal for long-awaited energy storage
(CNS): Caribbean Utilities Company (CUC) has signed a deal with a global energy company to install two 10-megawatt storage systems. This will be the local power provider’s first storage facility, which was approved by OfReg more than three years ago. The project is expected to be finished late next year and will enable CUC to […]
Cayman receives EU grant to improve energy efficiency
(CNS): The Cayman Islands Government will be using a European Union grant of more than €1.2 million (around CI$1 million) to improve the energy efficiency of government buildings and National Housing Development Trust (NHDT) homes. The funds, awarded by the Resilience, Sustainable Energy and Marine Biodiversity Programme (RESEMBID), will be used by the new Cayman […]
OfReg finds consultants for solar market review
(CNS): The Utility Regulation and Competition Office (OfReg) has awarded a CI$78,000 contract to consultants to conduct a ‘Value Of Solar Study’ to help the country move towards its renewable energy goals. OfReg is responsible for regulating the emerging solar sector and this is a small step in the long process towards that aim. In […]
OfReg ‘surprised’ by PACT policy on green energy
(CNS): Heavily redacted minutes from an OfReg extraordinary board meeting on 2 May show that the utilities regulator was caught off guard by the PACT Government’s recent policy announcement to ensure public ownership of future green energy facilities. CNS has learned that OfReg had also failed to tell the Cabinet about its own plans, after […]
CIG to control future renewable assets in new policy
(CNS): The Cayman Islands Government is seeking to take control of the country’s future green energy resources through majority ownership of new solar or other renewable energy facilities. Premier Wayne Panton announced the major new policy direction on Wednesday at a forum in Miami, when he outlined the goal for government and the public to […]
OfReg opens bid for 23MW solar plant
(CNS): The utilities regulator is looking for expressions of interest from qualified bidders to build a dispatchable solar photovoltaic (DPV) plant and an energy storage facility. The quest for this new plant is part of the country’s efforts to reduce its diesel dependence and a step towards the extremely ambitious target of generating 70% of […]
OfReg to auction green energy projects
(CNS): The utilities regulator has come up with a plan to enable potential energy producers to bid against each other to supply renewable energy through long-term contracts at the lowest possible price, officials have said. OfReg, which has been given responsibility for regulating the rollout of green energy, said it has been working on several […]
OfReg poses increase to domestic solar generation
(CNS): The utilities regulator, OfReg, has said that an additional capacity of 3MW of Distributed Generation Resources (DGR) could be added to Grand Cayman’s transmission and distribution system to allow more domestic generation of renewable energy, given the level of demand, until CUC is able to complete its battery energy storage system (BESS) for its […]
Rate hike plugs CUC costs hole
(CNS): Despite having 762 more customers in the first quarter of 2021 compared to first three months of last year, CUC’s earnings fell because of higher depreciation, as well as general and administration costs, the company said Thursday in a release outlining its latest financial results. But the drop in profits for the monopoly power […]
CUC begins home battery pilot for green energy
(CNS): CUC is about to begin a pilot project, testing home battery storage for domestic solar panels and wind turbines. In a press release issued Tuesday, the power provider for Grand Cayman said it has partnered with a California-based company to try out its energy storage, management and monitoring system in ten test homes across […]
