Does Grenada get electricity from diesel?

(Picture: Martin Falbisoner) With abundant sunshine and three active volcanoes, the Caribbean islands that make up Grenada are perfect for solar and geothermal power. Yet, despite the government’s concern about climate change, they get nearly all their electricity from expensive and polluting diesel.

Should Grenlec invest in renewables?

In this monopolistic system, Grenlec would have to drive any large-scale transition to renewables. This transition did not take place. Grenada achieved barely a tenth of its target to get 20% of its electricity from renewables by 2020. The government blames the 1994 deal which it says gave Grenlec no incentive to invest in renewables.

Why are Grenlec solar panels so expensive?

Grenlec also said that their fees are increasing because of the rise in the cost of fuel. As solar power costs dropped, rooftop panels could have been a cheap and clean alternative for Grenadians. But they had to get a licence from Grenlec and sell any excess electricity to them, or face up to six months in prison.

Why did WRB take Grenada to ICSID?

After all that, WRB argued the law was a “repurchase event” and took Grenada to the World Bank’s International Centre for Settlement of Investment Disputes (Icsid) to try and force a sale. South African campaigners push for faster coal exit in presidential commission

Are Grenada's governments desperate for a privatisation deal?

Speaking to Climate Home News, Grenada’s finance minister Gregory Bowen said successive governments were desperate to change this but had their hands tied by a privatisation deal made nearly 30 years ago.