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ANNEX II - ENERGY SECTOR DIAGNOSTIC The GoG is willing to partner with and support this GRENLEC geothermal initiative, as it is compatible with the national energy policy. It is anticipated that the commercial frame- work for the geothermal programme will be structured as shown below. Figure 6. Envisaged Geothermal Programme Structure. Solar Grenada has the highest penetration rate of grid-connected solar photovoltaic (PV) systems in the Eastern Caribbean. This is mostly due to the work of Grenada Solar Power Ltd (Grensol), a local company established in 2005 to provide photovoltaic systems to private customers. Grensol has negotiated a grid interconnection agreement with GRENLEC that provides for 1:1 net metering provided that the installed capacity of any individual installation does not exceed 1% of GRENLEC’s peak demand.23 As stated earlier, this 1% cap is likely to be exceeded in the near future and a Feed-in Tariff will need to be negotiated/regulated by the GOG and (to be established) ECERA. To date, Grensol has installed over 40 grid-connected and standalone systems, with a total installed capacity of approximately 300 kWp. This total represents 1% of the peak demand in Grenada. It is the largest market penetration of solar PV in the Eastern Caribbean and has necessitated a re-negotiation of the interconnection policy with GRENLEC. 23. This places a limit of about 300 kWp on an individual system at the present time 28 ANNEX IIPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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