UAE funds renewable energy projects in Saint Lucia
- By : Thérèse Yarde
- Category : Energy
- Tags: saint lucia
The government of Saint Lucia will be embarking on several renewable energy projects with financial support from the second funding cycle of the United Arab Emirates-Caribbean Renewable Energy Fund.
Projects will include installation of photo-voltaic electricity generation systems at two schools, construction of a solar-powered charging station for electric vehicles at the Hewanorra International Airport, and installation of solar-powered street lights, also at the airport. It is expected that the completed solar power projects will produce significant costs savings for the government as a result of reduced expenditure on fuel.
The United Arab Emirates-Caribbean Renewable Energy Fund was launched in 2017. With a value of US$50 million, it is one of the single-largest investments into the Caribbean’s clean energy sector. The fund has previously supported renewable energy projects in The Bahamas, Barbados, and Belize.
The Fund’s third funding cycle was launched last week, and will finance projects in Cuba, Jamaica, Suriname, and Trinidad and Tobago.
[Image: Pete Jelliffe]