Business

BPL targeting 15% renewable energy production by 2025

Bahamas Power and Light (BPL) is targeting 2025 for the country to have renewable energy solutions producing 15 percent of the country’s power needs, the company’s Chairman Dr. Donovan Moxey said yesterday, explaining that the company is close to signing a vendor for the distributed battery technology that will help to meet that goal.

The Bahamas has pledged through the Paris Agreement to produce 30 percent of its power through renewable energy by 2030.

Moxey, who made the remarks during his presentation at the Bahamas Business Outlook, said the technology is paramount for the company to move forward with expanding solar technology on New Providence. He explained that the battery solution could be implemented by the summer of 2022. 

“This particular project will really help us with solar implementation,” Moxey said.

“One of the things that we found out when we came in as a board, is BPL’s grid is not as stable as we would like it to be.

“When we talk about putting in large amounts of solar power, when we talk about rooftop solar… you need to be able to stabilize your grid.”

Moxey said the distributed battery technology will allow BPL to stabilize New Providence’s grid and then expand its rooftop solar projects and other utility-scale projects, like waste-to-energy. 

He added that the small-scale renewable energy project can also be expanded, explaining that BPL has received more than 380 applications for small-scale projects.

Moxey also explained that BPL is close to selecting a vendor for its advanced metering project, though that project, as well as the development of Station D at the Clifton Pier Power Station, depend on funding from the rate reduction bond the company hopes to place on the international market early next month.

He added that Station D, which will produce about 100 megawatts of New Providence’s base load, could be completed by the third quarter of 2022. He added that the country could begin using liquefied natural gas to produce power by the summer of 2023.

Show More

Chester Robards

Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian. Education: Florida International University, BS in Journalism

Related Articles

Back to top button

Adblock Detected

Please support our local news by turning off your adblocker