Published on
Dec 14, 2020
The Caribbean Development Bank is supporting St. Vincent and the Grenadines’ push to expand and increase its range of renewable energy options through a planned solar energy project.
On Thursday, December 10 the Bank’s Board of Directors approved financing of US$8.6 million to St. Vincent Electricity Services Ltd (VINLEC) for the supply and installation of solar photovoltaic (PV) systems at buildings owned by VINLEC in the vicinity of the Argyle International Airport.
The funding will also cover the establishment of a battery energy storage system (BESS) to be installed at the Cane Hall sub-station. The solar PV systems will displace some of the diesel fuel used for electricity generation. The BESS is expected to optimise the operation of the solar systems and also improve the energy efficiency of VINLEC’s system by providing spinning reserve thereby reducing the diesel fuel used by the generators for this purpose.