President of the Barbados Renewable Energy Association (BREA) Aidan Rogers sees today’s signing of a Memorandum of Understanding between his association and Government as a recognition by the State that all stakeholders in the industry should be brought together.
Speaking at the signing ceremony at Government Headquarters, Rogers noted his five year-old organization has always sought to foster relationships with stakeholders in the renewable energy sector. “We have signed some MOUs with international agencies and also with other local stakeholders,” he said.
Rogers added: “We are currently in active discussions with the Barbados Light & Power Company, all with a view towards fostering the structured and coherent evolution of the renewable energy sector. It is an exciting sector which has been recognized as one of the significant catalysts for future growth in the local economy.
“What this signing represents is really a culmination of years of collaboration between our association and the Government in terms of laying out the necessary but all important groundwork to have this sector really redound to the benefit of not only the economy, but the citizens in Barbados.”
Noting that the importation of high-priced fossil fuel over the years had placed a strain on the island’s foreign reserves, Rogers contended that with the emphasis now being placed on renewable energy, Barbados would be able to control its destiny as it pursued a path towards greater energy security.
Expressing the hope that the average Barbadian would benefit financially from the sector, Rogers said: “With respect to opportunities available, BREA will be approaching Government through the MOU, looking at what possibilities there are to create investment vehicles for the average local Barbadian to participate in some of the significant financial returns that would accrue to this sector.”