CARIBBEAN RENEWABLE ENERGY DEVELOPMENT PROGRAMME

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CARIBBEAN RENEWABLE ENERGY DEVELOPMENT PROGRAMME ( caribbean-renewable-energy-development-programme )

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penetration could be improved basically by offering better financial schemes. Until know, financial institutions are still very reluctant to offer loans for solar technologies. Long-term credit options and low interest rates are required to guarantee a further market saturation. The chapters were closed by an overview about economical, environmental and social facts about solar water heaters and photovoltaic technologies, because it was noted that a basic understanding is often a lack and big hindrance. Chapter 7 analyzed the viability in terms of social, economic and environmental sustainability; the third objective. The main drivers for solar energy implementations in the Caribbean are economical drivers. Under chapter 7.1 it was explained what efforts by all stakeholders have to be undertaken to secure a sustainable market development. This is basically the wrapping-up of the two solar frameworks. Chapter 7.2 demonstrated what needs to be done to transfer the scenarios to different islands. Of course, the market mechanisms developed in the research frame have to be implemented in other islands to set the basic structures but the research showed that local company staff and knowledge have to be transferred, too. Once the market is stable, also international companies could enter and enhance competition. Finally, chapter 7.3 summarizes the assistance by CREDP, what help is done supporting the solar energy market and how the social and environmental aspects can be further implemented, which is basically by education and an interconnection of all stakeholders. Although various different interviews were underdone and the established frameworks can be taken as reliable, it has to be mentioned that the economical data might be highly positive. It was considered as very important to make and illustrate some economical data because the main driver for solar energy implementations is the economical aspect. Nevertheless, most calculations are based on manufacturers or installers statements which are not neutral. Independent calculations about solar energy in the Caribbean hardly exist and it is recommended to generate more precise figures. Solar water heaters are spread among all of the islands in the case studies. However, it is not possible to clearly quantify them. There are no official figures or statistics. According to Jordan (pers. comm. 26 March 2010), the Government of Barbados conducts once every ten years the National Housing & Economic Survey, and they have dedicated three out of 51 questions to solar systems, so there will be a published report with more accurate numbers by 2011. Such kind of research should be standard on all Conclusion and Recommendations 88

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