Saint Vincent and the Grenadines: IRENA Updates on 10–15 MW Geothermal Energy Project

Advancing Renewables in Developing Countries: Progress of projects supported through the IRENA/ADFD Project Facility (IRENA)

The IRENA/ADFD Project Facility represents a partnership between the two key organisations to promote renewable energy in developing countries. This report by the International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) reviews concrete progress over the first five years of their joint facility to finance such projects.

Project profiles highlight the expected development impacts, including added renewable power capacity, expanded energy access, heating and cooling services, job creation and other socio-economic benefits, as reported by project proponents.

In the Second cycle a Public-private geothermal energy development was funded with $ 15 Million in Saint Vincent and the Grenadines:

This 10–15 MW geothermal project will transform the energy sector of Saint

Vincent and the Grenadines, providing a sustainable and reliable source

of renewable power. The project is being developed as a public–private

partnership between the Government of Saint Vincent and the Grenadines,

Light & Power Holdings and Reykjavik Geothermal. The project will

contribute to achieving the country’s Energy Action Plan target to increase

the amount of renewable energy to 60% of the energy mix by 2020. Once

operational, the plant will bring the share of renewable energy sources to

approximately 73% of total national power generation, well in excess of the

country’s Energy Action Plan target.

ADFD has provided a concessional loan of USD 15 million for this project.

Co-financing is being provided by equity partners and several sources

of public funding including the Government of Saint Vincent and the

Grenadines and donor agencies.

Civil works are already underway and drilling works will begin in 2019. The

project is expected to be completed by 2023. 

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