05 Jan '18, 9pm

EU Promotes Renewable Energy on Barbados

This is the first payment of a total contribution of €3 million ($3.6 million). This activity is in line with the country’s commitment to the United Nations Framework Convention on Climate Change of reducing its total and per capita greenhouse gas emissions. A major objective of the EU’s support is the engagement of the private sector in renewable energy power generation and should result in consumers making increasing use of energy efficiency measures during the 36 month duration of the program and after. Some of the guidelines which will be used for performance assessment of the program include the introduction of a favorable license regime for independent power producers with generation systems larger than 1 MW, by March 2019. Another requirement is that by 2019 at least 30 MW of renewable energy will be installed by public and private entities. In addition, it is expec...

Full article: https://www.renewableenergymagazine.com/panorama/eu-promo...

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