Tuesday, March 3, 2015

St. Lucia:

Falling Oil Prices Won’t Derail St. Lucia’s Push for Geothermal Energy (Caribbean Life)

James Fletcher, St. Lucia’s Minister of Public Service,
Sustainable Development, Energy, Science and Technology
James Fletcher, St. Lucia’s Minister of Public Service, Sustainable Development, Energy, Science and Technology, tells IPS that he agrees that the region needs to accelerate its transition toward renewable energy, but is not certain whether lower fuel prices is really reason to exhale.

“I’m not sure about the breathing space. I think what it does, however, show is that this fuel price game is not one we want to be playing,” Fletcher tells IPS.

Fletcher tells IPS wind and solar PV are intermittent sources of energy “and we really can’t complete a transition away from fossil fuel based on intermittent sources, unless we invest heavily in storage, which we really don’t have the capacity to do right now.”

St. Lucia has received financial and technical support from the government of New Zealand, SIDS-DOCK, and the Global Environmental Facility to conduct the initial stage of exploration, which will start soon, Fletcher says. LUCELEC, the state-owned power company in St. Lucia, will purchase the electricity from the power plant developer, Ormat of Israel, and resell it to consumers.

Fletcher tells IPS that the government is pleased with the pace of the negotiations but notes that developing geothermal potential takes time. “But at least it puts us on track to developing what we believe is as much as 30 megawatts of geothermal energy in Soufriere,” he says.

Read More........