Electricity price of Guyana energy storage power station

How much solar energy is available in Guyana?

As at 2018, the total installed capacity for Solar PV in Guyana is 4.63 MW with an estimated annual generation of 7.16 GWh. In Guyana, solar energy is used for several purposes, including drying agricultural produce, irrigation, ICT, and to improve electricity access in rural areas.

Why are electricity prices so high in Guyana?

Electricity prices in Guyana are the third highest in the Caribbean due in large part to the country's reliance on expensive imported oil for electricity generation. At present the cost of fuel accounts for up to 60 percent of the total cost of electricity generation.

Does Guyana have a potential for hydropower?

Guyana has significant potential for hydropower, like its neighbor Suriname which has successfully developed hydro power programs. Renewable energy is viewed as a potential solution by the GoG to reduce the cost of power and provide reliable electricity.

How was electricity generated in Guyana?

Electricity generation in Guyana was mainly done by large corporate entitles, for processing bauxite or sugar. Residential use was limited to larger cities, such as Georgetown and New Amsterdam and provided by independent companies.