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3.1.7 Energy Supply Outlook 3.1.7.1 Fossil Fuels Antigua is host to the West Indies Oil Company (WIOC), a regional oil products terminal, and the nation participates in PetroCaribe (Daniel 2009). The WIOC hosts 200,000 barrels of storage, of which half is leased to the Venezuelan state oil company, PetroĢleos de Venezuela, S.A. (Petroleum of Venezuela) (PDVSA) for use by other islands, in accordance with PetroCaribe (Nexant 2010, p. 7.21 3.1.7.2 Renewable Energy Screening curve comparisons by Nexant indicate that renewable sources (particularly wind) are favorable when compared to fossil-fuel sources (including coal, oil, and natural gas) at certain capacity factors (Nexant 2010, pp. 11.6, 11.22). Scenario analysis shows that development of wind capacity would benefit Antigua and Barbuda regardless of future fossil-fuel development (Nexant 2010, p. 14.2). Table 3. Antigua and Barbuda Renewable Energy Potential Technology Value Hydro Wind Geothermal Solar Biomass and Other Source: Nexant 2010, p. 8.36 None indicated 400 MW None indicated 27 MW Unknown 3.1.7.2.1 Hydro Antigua and Barbuda do not appear to have any appreciable hydro resources. Water management already is a major concern because of limited natural freshwater resources (CIA 2010). 3.1.7.2.2 Wind The reported 400-MW wind potential in Antigua and Barbuda is very speculative, as this estimate is greater than that of any other country in the region. The GTZ/CREDP currently is installing four meteorological towers to measure wind resources across Antigua and Barbuda (Government of Antigua and Barbuda 2010). 3.1.7.2.3 Geothermal Antigua and Barbuda do not appear to have any appreciable geothermal resources. 3.1.7.2.4 Solar Antigua and Barbuda have good solar resources for flat-panel PV and solar hot water systems, with GHI averaging more than 5.7 kWh/m2/day. The DNI resouce is far poorer, suggesting that concentrated solar would not perform well in this region. See http://www.ecpamericas.org/initiatives/default.aspx?id=31 for full-page copies of the GHI and DNI solar maps. 18PDF Image | Energy Policy and Analysis Caribbean
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