The Caribbean islands are still far too dependent on imported fossil fuels for household, government and commercial energy supplies.
The region has some of the world’s most expensive per unit cost, which creates an economic vulnerability and fossil fuel dependency on other nations who don’t have the Caribbean’s best interest at heart. Caribbean energy consumers pay between four to five times as much per unit of electricity as the continental USA and Europe. As an example Aruba used to spend 16% of its economy on importing 6,500 barrels of diesel fuel a day to generate electricity to serve 110,000 people.
This is changing, and as a result there are opportunities opening up on all the islands for alternative energy technology supply and support.