geisha.kowlessar@guardian.co.tt
There needs to be realistic conversations regarding the incorporation of solar into the nation’s electricity grid, says Energy Minister Stuart Young.
“Very often you hear people say why haven’t we brought onto our grid in Trinidad the small solar and the feed in and this type of thing and I smile. The reality is the electric grid, and we have probably one of the most sophisticated electric grids in the whole Caricom region easily. The reality is to bring in feed-in solar off of rooftops around a country, your grid has to be able to take it,” said Young.
The Minister of Energy then asked, “Who is going to upgrade the grid? Who is going to put those substations that allow the power feed from each rooftop in, to then be regulated and put out on the national grid. So, one of the challenges I’d like to put to you all in this conference, is have the realistic conversations and discussions. Don’t hold on to those nice-sounding academic topics that very often are forced down our throat,” Young told participants at yesterday’s Caribbean Sustainable Energy Conference.
The event took place at the Hilton hotel and the theme of this year’s event was “Collaboration for Action.”
Young noted that the region is endowed with substantial resources to ensure energy sustainability and energy security in the transformation to low carbon economies.
Citing estimates the Caribbean holds 2,525.9 MegaWatts (MW) of potential solar energy, 800.4 MW of potential wind energy, and 3,770 MW of potential geothermal
energy, Young said however, the installed operational renewable energy of the Caricom region, including hydroelectric power stands approximately at a mere 645MW.
Having the financial feasibility to make this happen, he said, remains a challenge.
“The truth is the financial feasibility. The truth is we are small in a region and the truth is for there to be private investment it has to make financial sense. The key phrase is bankability and I keep raising it over and over and that can keeps getting kicked down the road.
“When you look at the small island states, our Caribbean neighbours, they simply do not have the financial feasibility at this stage to bring that onto their grid,” Young said.
The minister noted that while solar and wind technologies, in particular, have become more competitive, he submitted there is still a need for assistance, not necessarily in the form of subsidies or incentives, across the Caribbean.
Solar, in particular, the Energy Minister said benefits from being relatively straightforward to construct and can be attractive to financiers.
“But one of the region’s problems is scale and another is bankability, if we are being honest,” he emphasised.
Young also noted that the journey towards sustainable energy in the Caribbean is underway, but to date, the region’s energy transition has been slow and incremental. To gain momentum, he advised this requires the dedication and collaboration of individuals, organisations, and governments.
The minister also noted that the Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming indicated that emissions of greenhouse gases must be cut by 50 per cent by 2030 to limit warming to 1.5 degrees Celsius.
Recent projections at COP28 have suggested achieving these targets will be challenging.
However, Young described this proposed goal as “quite diplomatic” adding, “Quite frankly I am not sure we are going to make it.”
He said such a responsibility was not one that really lies in the region.
Instead he said, “It is really a responsibility that needs to be carried by the wealthy developed and developing countries that are the main emitters. Unfortunately, I find too often at these conferences especially at the global ones I attend, people shy away from facing that reality and shy away from calling out those who are really responsible and those who must really cut back on their emissions,” Young said.
He cited the use of coal as one such example of emissions.
On the transition to renewables Young said this is driven not only by climate change as the region is a negligible emitter of carbon dioxide, but there is also by the need for the region’s energy supply to become more resilient, sustainable and economical.”