Key Words: CARICOM, renewable energy, solar PV, wind, energy efficiency, greenhouse gas emissions
Stakeholders in the energy and transportation sectors were charged not to wait until a comprehensive plan and perfect conditions are available in order to get started during today’s online discussion, which focused on innovation opportunities and the Caribbean reality. The discussion, which was hosted by the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) and the Energy Unit of the CARICOM Secretariat, saw more than two hundred stakeholders gathered to hear from regional and global experts in the field. Stakeholders also had the opportunity to vent their opinions and have their queries addressed.
This technical guide is the second in a series of four technical guides on variable renewable energy (VRE) grid integration produced by the Energy Sector Management Assistance Program (ESMAP) of the World Bank and the Global Sustainable Electricity Partnership (GSEP). It focuses on the main functionalities, differences and benefits of various compensation devices that can be employed to increase system transfer capacity, system stability, power quality and flexibility to cope with increasing penetrations of renewables in the system. The applications of FACTS devices are associated with four essential technical enhancements of system capacity, system reliability, power quality and system controllability....
The levelized cost of electricity is the most common indicator used to compare the cost competitiveness of electricity-generating technologies. Several studies claim that some renewable energy technologies, particularly utility-scale solar photovoltaic and onshore wind, are cost-competitive with fossil fuel–based technologies. However, there is no consensus on this point considering the wide variations in factors that influence the levelized costs of electricity across countries and technologies. This study calculates more than 4,000 levelized costs of electricity for 11 technologies, varying key input variables. The study shows that the levelized costs of electricity for renewable electricity technologies, except concentrated solar and offshore...
This report provides a brief overview of the role of energy storage against the background of current trends in power systems with a particular emphasis on developing countries. It introduces the different ways in which storage can help meet policy objectives and overcome technical challenges in the power sector, it provides guidance on how to determine the value of storage solutions from a system perspective, and discusses relevant aspects of policy, market and regulatory frameworks to facilitate storage deployment. The document is intended to highlight relevant issues, provide guidance to policymakers and regulators in this relatively new area and identify...