Barbados plans first utility-scale wind farm
Barbados plans first utility-scale wind farm | Windpower Monthly
The International Finance Corporation (IFC) has signed an agreement with the government of Barbados, regarding development of the country's first utility-scale onshore wind farm.
The World Bank group affiliate will act as the lead transaction adviser, in the structuring of the 30-50MW Lamberts project as a public-private partnership (PPP).
The project is planned for a site in the north-eastern part of the island. The rights to build it will be awarded through a competitive tender process. Total investment could reach $80 million.
Kerrie Symmonds, Barbados’ foreign affairs and foreign trade minister, said: “Barbados is taking bold steps towards more sustainable and clean energy solutions and our collaboration with IFC on the Lamberts project is a testament to our commitment to accelerate the transition to a resilient future."
Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.