OECS Commission supports development of geothermal energy in Region
Wednesday, February 1, 2017 — Financing and government policy have been identified as the major challenges to the development of geothermal energy in the Eastern Caribbean. That’s one of the findings of a Survey conducted by the Energy Unit of the OECS Commission. The Survey gathered the views of 86 persons involved in geothermal energy, half of whom were based in the OECS Region.
The respondents of the survey were geothermal stakeholders working with or with an interest in geothermal energy in the OECS region. Most of the OECS respondents (82%), were employees of government or utility companies pursuing geothermal energy initiatives. With respect to Non-OECS respondents, almost 50% were private sector geothermal experts with past experience working on geothermal projects.
There was clear consensus amongst all survey participants that finance and government policy are the main challenges to geothermal energy development in the region. These were followed closely by competition from other energy sources, and technological issues.
Read more at: Organisation of Eastern Caribbean States