session 7 - alternative energy
DESCRIPTION
The Region's Transition to Sustainable and Energy Efficient Economies by Mr Jim ReidTRANSCRIPT
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CARIBBEAN EXPORTERS’ COLLOQUIUM
Session 7:
Alternative Energy: The Region’s Transition to Sustainable and Energy Efficient Economies
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Our Task this session……
• What role should governments play in supporting the development of the alternative/renewable energy sector to ensure sustainability and competitiveness?
• What can the private sector do to reduce high energy costs and how can they integrate alternative/renewable energy solutions into their production processes?
• Are there regional or international public/private sector collaborations which can be used as best practice models?
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What should Governments be doing……?
• Adopt best practice – leap frog technology!
• Set targets for renewable energy of 35% - currently 8%!!!
• Remove VAT on EE and RE
• Increase Tax Credits & Incentives for EE & RE
• Introduce rebates for energy reduction
• Promote Electric Vehicles – Nissan Leaf’s
• Set and Example on EE
• Install LED Street Lights
• Buy Electric Buses
• Public Education – Raise Awareness!
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What should the private sector be doing?
• Energy costs are an impediment to growth
• Reduce consumption – LED Lighting
• Change behavior’s
• Use renewable energy – Solar/wind
• Focus on energy efficient technologies
• Set targets and monitor
• Put pressure on Governments! And hold them to account!!!!
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Taking on the Dragon…..
• Why import when we can manufacture here?
• Public Private Partnerships (PPP)
• The Private Sector is ready willing and able!
• We need Government support not necessarily subsidies
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Context
• There is no Plan B for our planet!
• We have to think and act differently and do it now!
• We have to use the wind, sun and technology
• Conventional Utilities are in a “death spiral”
• 2/3rds of Global PV has been installed in the last 2.5 years
• Solar is PV is now the second largest source of new electricity in the USA – 53% of all new electric installations
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Context
• According to IEA “Peak Oil” was reached in 2006 • Wind Power is now growing at 30% annually • 41.6 Gigawatts of Wind Power currently installed • 136.6 Gigawatts of Solar PV currently installed • World solar capacity increased 35% in 2013 • China has 40% of global wind power • Renewable Energy is the FUTURE • Energy efficiency is now critical • LED is the “low hanging fruit”
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Top 3 trends
• Recent LED chip performance advancements, which allow more cost effective designs for replacing existing lightings systems
• Newly introduced utility energy efficiency financial incentives for converting to these LED-based systems
• Increased interest from building owners in applying sustainably-oriented lighting retrofits that save money in operation
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Our Focus
• Energy Efficiency (EE) - Our LED Business – Our first J curve with fast growth over next 4 years
– Moore's law applies
• Renewable Energy (RE) - Winsun – Entering the Creative Market
– Inter American Development Bank backing & support
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Context
“90% of the world’s lighting will be LED by 2018”
Hans Van Wijngaarde, Global Sales manager, Phillips Lighting, 2009
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Why LED?
Pro environment •Zero mercury •50% + savings Simple to specify Easy to install & maintain
Plays nice with others! i.e. existing lighting Improved light quality The best deal in town
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What happens to the old fluorescent tubes?
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WINSUN
WINSUN embodies an innovative future
vision for the Caribbean where the
choice of “grid” versus “off-grid” energy supply is real.
Caribbean Energy
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WINSUN
With an “off grid” option we will be able to:
- spawn a range of new products
- stimulate new business models
- create competition & so more innovation
- create jobs and increase earnings
…across the Cariforum Region
Caribbean Energy
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WINSUN Caribbean Energy
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WINSUN Caribbean Energy
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WINSUN
- “technology bundling” approach
- sourcing best tech globally
- novel in this context
- reduces risk
- rapid development
- improves time to market - makes greatest impact!
Caribbean Energy
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WINSUN
- currently evaluating:
- battery tech from US
- turbines from UK - PVs from Israel
Caribbean Energy
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Thank you…..
• Now over to our next panelist….