Tessa Williams-Robertson, Head of the Bank’s Renewable Energy / Energy Efficiency Unit, told participants at the Utility Leaders Workshop that Caribbean Governments have been focusing on improving efficiency in utility operations as they work towards reducing spending on electricity.
As the Caribbean makes the shift to clean energy, governments need technical support to plan for and implement new technologies. In addition, sector stakeholders could accelerate the Region’s transition to renewables by building diverse partnerships and networks, and improving their engagement with the wider public. These were key themes in the Caribbean Development Bank’s (CDB) presentations during the 2017 Caribbean Renewable Energy Forum (CREF) in Miami, Florida from October 18 to 20.
“In every case, governments are committed to reducing tariffs to consumers, recognising the dampening impact of high electricity costs on growth. Interventions that contribute to efficiency in utility operations are therefore welcomed, and recent reductions in the prices for lithium-ion batteries has everyone’s attention,” said Williams-Robertson.
She also mentioned that there were still development and planning challenges to be overcome as utilities and governments look at integrating battery storage into their electricity grids. This integration could improve the reliability of renewable energy supply, particular during periods of peak demand.
“Microgrids, the operational impacts of variable renewable energy and how battery storage may be integrated, and its potential value as direct replacement for baseload, are all being studied by several utilities and other stakeholders. However, guidance and technical support are needed for assessing and planning suitable solutions for individual electric grids,” Williams-Robertson told participants.
At the event sponsored by CDB and the Government of Canada, attendees also heard about developments in battery storage and got an introduction to a roadmap that could guide them through the design and implementation of projects integrating the technology. The presentation, designed to improve utility leaders’ understanding of how and when to invest in energy storage, was commissioned by CDB through the Canadian Support to the Energy Sector in the Caribbean Fund.
The Bank also participated in the panel discussion, “Caribbean Energy Leadership and the Power of Networks.” During the session, Williams-Robertson called for diversity in partnerships and improved stakeholder engagement to drive the transformation of the Caribbean’s energy sector. She encouraged the audience to involve diverse groups in the process, including players who work outside of the sector, those in non-technical positions, and the youth, while communicating about energy in a more simple way.
While at CREF, CDB’s energy specialists held discussions with sector stakeholders, hosted delegates at their booth, and helped participants better understand how the Bank supports sustainable energy projects in the Caribbean Region.
CREF, now in its ninth year, is the largest annual gathering of the Caribbean energy market and brought together more than 500 representatives from academia, governments, utilities, multilateral institutions and investment companies.