Tuesday, Dec 11, 2018

Energy Expo

Energy Expo
26 Nov
2018

The Minister of Energy and Water Resources believes the next big break-through in the renewable energy sector could very well come from Barbados.

Minister Wilfred Abrahams says government is ambitiously seeking to be the first 100 percent renewable energy and carbon-neutral island by 2030.

But he says more must be done in the areas of research and development in order to achieve these targets.

Minister Abrahams was speaking at the opening of an Energy Expo at the Lloyd Erskine Sandiford Centre.

More than 20 exhibitors including solar photovoltaic companies, commercial banks, credit unions and insurance companies, were on hand to answer questions about the products and services they offer.

It's being executed under the Dream Project, which is funded by the Global Environment Fund with project support from the United Nations Development Programme.

UNDP resident representative to Barbados, Chisa Mikami, says the Expo is another way the UNDP has been able to support government on its journey to becoming 100 percent carbon neutral.

At the Energy expo "Bizzy" Williams announced Williams’ Industries is officially being powered by one hundred per cent renewable energy.

He says corporation's businesses and factories, are now producing more electricity from the sun, than they consume.

However, he explains why this has not necessarily resulted in cost savings.

He is not ruling out the possibility that solar panels could someday be manufactured in Barbados.

Mr. Williams says his company currently imports photovoltaic panels in bulk.

However any plan to begin manufacturing them locally would require significant investment.

Mr. Williams is also calling for better regulation of the sector.