Over the last 20 years, the average economic and electricity growth in the Caribbean has exceeded the global average. The majority of this power generation is through thermal energy using Fuel Oil and Natural Gas. Because of this, the region suffers form high and volatile energy pricing based on the international cost of fossil fuels. Electricity rates in the Caribbean are among the highest in the world.
Regionally the local governments are pushing through legislation to break up the monopoly of the current energy providers to allow IPPs to implement renewable energy projects to reduce the costs and bring more stability with islands like Grenada leading the way in pushing for reform.
GoldenPeaks Capital Latin America, through its regional partners and its experienced platform can work with regional governments to arrange and implement energy projects across the region.