Grenada energy storage solar electricity price

How much does electricity cost in Grenada?

The 2015 electricity rates in Grenada are $0.34 per kilowatt-hour (kWh), in line with the Caribbean regional average of $0.33/kWh. Like many island nations, Grenada is almost 100% reliant on imported fossil fuels for electricity generation, leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.

How much does solar cost in Grenada?

According to data from 2014, the costs of utility-scale solar in Grenada are estimated to be between $0.21/kWh and $0.44/kWh; wind costs are estimated to be between $0.05/kWh and $0.20/kWh.

Does Grenada have solar power?

Solar photovoltaics (PV) have high potential on Grenada because the country’s global horizontal irradiation exceeds 5 kWh/square meters per day. A 2- to 4-MW PV installation is planned, but no utility-scale solar plants are currently in operation.

Who owns the electricity in Grenada?

Utility investors: 50% with U.S.-based WRB Enterprises; the public holds 25%; and the government, its employees, and the National Insurance Scheme Grenada hold the remaining 25%. Nearly 99% of electricity is sourced from diesel fuel. The utility maintains an installed capacity of 48.6 MW spread across the three islands.