Geothermal to cover 50% of energy supply on St. Vincent & the Grenadines
St. Vincent and the Grenadines are hoping to cover up to 50% of its energy demand by geothermal energy by 2019.
Speaking at the recent UN General Assembly in New York City, Ralph Gonsalves, Prime Minister of Saint Vincent and the Grenadines, raised issues like the challenges of indebtedness and the need for “de-risking” of his country’s economy.
But he also spoke about his country’s quest for affordable and clean energy. As we reported before, Saint Vincent and the Grenadines has invested heavily in developing its geothermal resources,.
The country expects to cover up to 50% of its energy need by geothermal energy. Financed by partners, including the Clinton Global Initiative, the Abu Dhabi Fund for Development, the Caribbean Development Bank, the International Renewable Energy Agency, it is expected that this can be achieved by 2019. Another 30% of its energy supply is to come from a mix of other renewable energy sources, including hydro and solar.
Source: UN News Center