BusinessLocal News Symmonds eager for more investment in renewables by Barbados Today Traffic 26/05/2022 written by Barbados Today Traffic 26/05/2022 3 min read A+A- Reset FacebookTwitterLinkedinWhatsappEmail 271 by Marlon Madden Minister of Energy Kerrie Symmonds is urging potential investors in the renewable energy sector to consider other areas outside that of solar photovoltaic, as he gives the assurance that the grid capacity for energy from renewable sources is nowhere near full capacity. โWe believe that there will be anywhere between roughly 800 megawatts to 1,000 megawatts of demand, we have to be able to meet that demand with the capacity. โAt this stage we have not gotten to 100 megawatts yet so there is still a long way to go,โ said Symmonds. He told Todayโs BUSINESS he anticipated that once the national grid was nearing full capacity, it would be expanded to ensure continued stability. Officials are currently racing against time as they seek to wean the island off fossil fuel use and become 100 per cent dependent on renewable sources of energy by 2030. You Might Be Interested In Crystal Beckles-Holder, 2nd runner up in regional competition GUYANA: Body of child found after gold mine collapses Barbadians asked to help with return tickets for Haitians In addition to electricity needs, Government is also expected phase-out the use of gas and diesel vehicles. โIt is a journey that is still in the very early stages,โ said Symmonds. He said at this stage the issue of grid capacity was not an issue, as he urged Barbadians to get involved in the sector, which some experts say is poised for major growth globally this year. Symmonds explained that of the 58 feeder lines on the island, the majority of them had โvery low amount of renewable energy on it, in some cases as low as 60 kilowattsโ. He explained that there were about four lines that officials were keeping a close eye on, with two of them reaching in the range of about 4,000 kilowatts, โwhich would be closer to coming to the point of the line filling upโ. However, he quickly indicated that โthere are many ways to treat to that matter including investment in more transformers, and including the matter of battery storageโ. Symmonds urged potential investors to not focus only on solar photovoltaic systems, pointing out that Government has already carried out a major study for wind turbines. As he pushed for Barbadians to get more involved in the sector, he said in addition to solar and wind, he was encouraging people to consider the areas of biomass and hydrogen energy production. โWe have done an extensive wind study and identified sites offshore the island, which are extremely attractive for that type of investment. โIt is bulky investment and that is really where a lot of the input into the process will come, and that is one of the reasons we are working hard now to carve out at the very beginning, a space of probably 300 to 350 megawatts that will allow for all Barbadian householders to be involved at the very beginning, rather than trying to find room for them at the back-end,โ said Symmonds. He disclosed that there were some potential investors currently on island โmeeting with the Ministry of Energy with a view to making investment in hydrogen and we welcome them because that can also be part of the mixโ. โThe end result therefore is going to be that we will have a variety of ways in which we have the renewable energy provided to Barbadians,โ he said, adding that the mix would provide for greater stability of the national grid. โI can say too that there are some discussions with regard to wind at Lamberts, which will see us going as high as 50 megawatts. โOriginally it was conceptualised to be only 10 megawatts I believe, and with the passage of time we will be able to nail down some of the technical details on that and make sure that we have all the participants harnessed together so that we are moving step and step,โ said Symmonds. He also noted that a battery storage policy was being developed that would provide an opportunity for producers of electricity to sell their excess energy to be stored. marlonmadden@barbadostoday.bb Barbados Today Traffic You may also like Elder men encouraged to mentor boys 08/11/2026 Businesses urged to meet beneficial ownership deadline 08/11/2026 Leh We Paint campaign launched to boost national pride 08/11/2026