Guyana - EnergyGuyana-Energy
Overview
Guyana unveiled its Green State Development Strategy in 2018. This initiative aims to transform Guyana’s electricity sector from nearly 100 percent fossil fuel based to nearly 100 percent renewable energy based. The achievement of this objective will be supported by the development of the hydropower projects, as well as solar and wind power. Energy generation through wind power is undeveloped in Guyana, notwithstanding the country’s significant potential for wind-based energy generation.| 2015 | 2016 | 2017 | |
| Total Exports | 662.4 | 262.3 | 334.7 |
| Total Imports | 3,234.1 | 3139.4 | 6,295.3 |
| Exchange Rates | 208.50 | 208.50 | 208.5 |
Leading Sub-Sectors
-Development of medium and small hydroelectric installations.-Development of wind and solar farms.
Opportunities
-Construction of smaller, regional hydroelectric plants.-Importation and installation of solar panels, which are required for both residential and commercial use. The tourism and hospitality sector and health clinics in unserved areas, which are still at an early stage of development, will also require electricity through the installation of solar energy.
-Equipment for wind farm development to supply energy to the national grid, provided that pricing mechanisms are competitive and sustainable. Wind energy at the residential and commercial levels for off-grid applications potential is untapped.
-Interconnecting renewable energy generators to the grid is being reviewed and explored by the Guyana
Energy Agency towards the implementation of grid-tied systems and net-metering platforms. Once proven beneficial to all parties, grid-tie options will be encouraged as a means of reducing investment in fossil-based generators and meeting incremental demand from renewable energy sources.
Web Resources
U.S. Green technologyGuyana Energy Agency
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