Overwhelmed by oil prices, could exploring geothermal energy help the small islands of the Eastern Caribbean to reduce their electricity costs.
View of the Soufriere Hills volcano on the island of Montserrat (Courtesy World Bank) |
Seven Eastern Caribbean countries have a huge potential for geothermal energy generation, which could be confirmed by more detailed exploration, according to a study by the World Bank. For example, on the island of Guadeloupe, for example, the La Bouillante power station is already generating 15 MW by means of geothermal energy.
Resources in this region remain unexplored, but experts suggest that the exploitable commercial potential could reach a combined total of 850 MW. Although estimates vary considerably.
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