Posts Tagged ‘energy’

WRB Energy: What Will It Take to Develop More Renewable Energy in the Caribbean?

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TAMPA, Florida, March 12, 2019 /PRNewswire-HISPANIC PR WIRE/ – With the abundance of clean energy resources in the Caribbean—sun, wind, water, and geothermal—it’s a natural environment for more renewable energy generation.  So why isn’t there more renewable energy produced in the Caribbean, and why aren’t there more projects in the pipeline?

With more than three decades of experience developing renewable energy projects and operating utilities, WRB Energy can address some of the challenges that hinder increased renewable energy generation in the Caribbean.

Contain costs

Most small Caribbean island nations lack economies of scale to absorb the high costs and complexities of developing relatively small renewable installations as compared to those in larger, more developed countries.  With relatively smaller populations, economies, and electricity demand, there are fewer kilowatt-hours produced to amortize the up-front investment expenses cost-effectively. However, as the prices for renewable energy equipment continue to decrease and technologies advance, solar, wind, and geothermal are increasingly more viable, least-cost options for diversified energy portfolios.

Flatten the learning curve

Government leaders with a stable long-term vision and implementation plans for increased renewable energy attract the best opportunities for project development. By working collaboratively, utilities, government, regulators and developers can help level the learning curve for initial projects.

Understand that land is precious

Securing appropriate land for project siting poses significant challenges. There is tremendous pride in land ownership, with parcels of land being passed on from generation to generation. Also, there is a history of informal land dealings, which leads to clouded property titles. Consequently, these issues can create local owner resistance to land transactions and long-term leases.

Clarify investment requirements

Banks, investors, and multilateral organizations have mandates, terms, securities and covenants that can be misunderstood in negotiations with governments, utilities and regulators. Policies and processes need to be clearly defined to avoid misinterpretation of project terms.

Harness a sustainable future

Developing renewable systems reliably and affordably requires due diligence to avoid electricity rate increases. It’s a long-term strategy requiring cooperation between stable government policies, flexible utilities, competent regulatory bodies, responsible investors, and credible development partners to design, develop and deliver renewable energy projects as promised.  Read more at https://wrbenergy.com/wp-content/uploads/2013/08/FINAL-ENERGY-0032-2019-feature-article-3-4-19.pdf. Download photos at https://www.dropbox.com/sh/8u4fxjjpjghexce/AACs-LpeFMSgBQ58o7_NrmzQa?dl=0

WRB Energy develops renewable energy projects to help stabilize electricity prices, reduce dependence on imported fuels, and drive economic growth in Latin America and the Caribbean. Visit www.wrbenergy.com and https://wrbenergy.com/content-solar-jamaicas-first-utility-scale-solar-plant/.

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Secretary Roy A. Bernardi Joins Ocean Thermal Energy Corporation’s Advisory Board

LANCASTER, Pa., Oct. 8, 2012 /PRNewswire/ – Ocean Thermal Energy Corporation (OTE Corporation) today announced the appointment of former Acting Department of Housing and Urban Development (HUD) Secretary Roy Bernardi to its advisory board. "Our Company is indeed fortunate to have someone of Secretary Bernardi’s stature and talent as a member of our team," said Jeremy P. Feakins, Chairman of the Board and Chief Executive Officer at OTE Corporation. "Roy Bernardi’s life-long commitment to public service and community progress is a perfect match for OTE Corporation’s goals of bringing clean energy, fresh drinking water, and economic development to millions of people around the world."

Secretary Bernardi was nominated by President George W. Bush as Deputy Secretary of HUD and was confirmed by the U.S. Senate on November 21, 2004. During his tenure, he was charged with managing HUD’s day-to-day operations, a $38 billion annual budget, and the agency’s 8,500 employees. In 2008, Secretary Bernardi was appointed as Acting HUD Secretary under President Bush. As Deputy Secretary, he led the Department’s efforts to improve the standing of HUD with the Government Accountability Office (GAO). Under Secretary Bernardi’s management, two HUD programs were removed from the GAO high-risk watch list, marking the first time since 1994 that no HUD programs had been on the list. His leadership also enabled HUD to eliminate more than $2 billion in fraudulent payments in the Department’s rental assistance housing program.

Secretary Bernardi also served in President Bush’s Administration from 2001-2004 after his appointment by the President and confirmation by the U.S. Senate as Assistant Secretary of Community Planning and Development (CPD). His vision and decisive leadership at CPD was instrumental in developing thriving communities by promoting integrated solutions to the challenges facing the nation’s cities, urban counties and rural regions. Secretary Bernardi’s understanding of the need for such integrated community solutions fuels his enthusiasm for Ocean Thermal Energy Conversion (OTEC) and its ancillary products as enormous tools for bringing clean energy, fresh water, sustainable food production, and economic development to many tropical communities across the globe. "I am tremendously excited to be advising and supporting Ocean Thermal Energy Corporation and its core mission to bring OTEC’s benefits to the world," said the Secretary. "This is truly a game-changing technology whose time has now come."

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