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Utility Scale Renewable Energy

In August 2011, Caribbean Utilitilies Company, Ltd. (CUC) issued a request for Expressions of Interest (EOI) for the financing, construction, ownership and operation of utility scale renewable energy facilities on Grand Cayman. The ERA has reviewed all documentation from the winning bid pursuant to Section 23 of the Law and has awarded a generation licence. An independent consultant's evaluation report is available for public review.

Small Scale Distributed Generation

Grand Cayman's Consumer-Owned Renewable Energy (CORE) Programme provides incentives for small scale renewable energy distributed generators to offset their electricity costs via stable, long-term feed-in tariff rates. On August 30, 2012, the ERA approved rate, system size and capacity limit increases to the original CORE Programme that commenced in 2011. Again in February 12 and March 31, 2015, the ERA approved new rates and capacity limits to extend the CORE Programme and encourage customer participation. Due to further price decreases for renewable energy equipment and increased customer interest in the programme, the ERA has approved new rates, capacity limits and updates to the CORE credit and interconnection agreement. The newest iteration of the CORE Programme is effective May 1, 2016.

 
Last Updated on Monday, 05 September 2016 09:45
 
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