29 Dec '14, 5pm

Renewable Energy Review: The Island Markets

Since 2003, global consultancy Ernst & Young has released its Country Attractiveness Indices, which ranks global renewable energy markets by analyzing investment strategies and resource availability. The indices are updated on a quarterly basis and the most recent report can be found here . Here is the firm’s assessment of the island markets. Solid Foundations There are likely to be few places that represent a more suitable market for homegrown renewable energy than the world’s island nations . Almost wholly reliant on imported fuel to support diesel-based power generation, islands face some of the world’s highest energy costs, as well as greater exposure to price volatility and supply disruptions. It is estimated that the average cost of electricity in the Caribbean for example, ranges from US$0.32 to US$0.65 per kWh, around five times that of the mainland U.S. In the Pac...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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