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CUC revises CON paving way for greener energy future
['Cayman News']
Cayman News Service
Following a major dispute between OfReg and CUC over what does and does not constitute ‘firm’ generation in the power provider’s licence, they have come to an agreement that solar plus battery storage does qualify.
CUC President Richard Hew recently told CNS that the power provider remains in an energy crunch and is doing all it can to manage that.
Instead, it paves the way for the regulator to open up the bid for participants to propose the energy sources, including solar.
This would cut down on the significant waste of energy across the island and relieve pressure to supply sufficient power and cut unnecessary emissions.
The policy calls for 100% renewable energy generation by 2045 with the interim target of 70% of power coming from renewable sources by 2037 and at least 30% by 2030.
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