The government of Guyana has approved more solar energy project development contracts.
In an official statement the country’s cabinet said contracts worth GYD46 million ($220,000) have been approved for grid-connected and hybrid solar PV systems being developed by Gafsons Industries Limited in the regions of Upper Demerara-Berbice and Potaro-Siparuni.
The government also approved GYD159 million of contracts for solar mini-grid projects under development by the Hinterland Electrification Company, which has been carrying out the Unserved Areas Electrification Program since 2004.
The Georgetown authorities said the new investments will add to commitments made in June by the Norwegian government, which approved the transfer of GYD16 billion from its Climate Mitigating Ministry to finance 30 MW of solar generation capacity plus a storage element.
In July 2018, Guyana’s government signed an agreement with its Norwegian counterpart to finance a 100 MW solar project.
According to the latest statistics published by the International Renewable Energy Agency, Guyana had installed PV capacity of only 10 MW at the end of last year. Most of that was made up of distributed generation systems. Rooftop arrays benefit from net metering payments which enable the sale of excess power to the grid.
Guyana’s ambitious Low-Carbon Development Strategy aims to meet all power demand from renewables by 2025 and will require the replacement of 200 MW of thermal power generation capacity.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.