Solutions Center experts assisted the Grenada Ministry of Finance and Energy and the Ministry of Planning, Economic Development and Trade with a review of the country’s national energy policy and plans. The review was designed to assess whether Grenada’s current policy is structured to successfully meet its clean energy goals.
Grenada depends on imported fossil fuels to supply nearly 100% of its electricity generation, transportation, and heating and cooling needs. With its strong solar and wind resources, as well as possible geothermal and biomass resources, Grenada is seeking to diversify its energy mix, take advantage of its indigenous energy potential, and reduce its vulnerability to rising oil prices and supply disruptions. The Grenada National Energy Policy of 2011 details a 20-year vision and ambitious 10-year action plan for Grenada to support its clean energy goals.
Following their review of this policy, Solutions Center experts recommended setting achievable renewable energy targets supported by a Renewable Portfolio Standard and adopting policies and measures to encourage investment. The experts also identified areas of opportunity for Grenada, which include developing an approach to utility-scale renewable energy procurement, supporting smallscale generators, introducing a feed-in-tariff, developing grid codes and grid integration practices for high penetration of variable renewables, and establishing utility regulator paradigms that enable scale-up of renewable energy generation.
Impact of Assistance
Grenada’s policymakers will use the information provided by the Solutions Center to manage the growth of the country’s renewable energy market, strengthen its energy policies and plans, and develop a suite of regulations and policies to meet the 2011 National Energy Policy.