Guyana novel energy solutions

What is Guyana's 'guysol' project?

With these finances earned by Guyana’s first LCDS, a significant project on renewable energy is being implemented — the Guyana Utility-Scale Solar Photovoltaic Programme (GUYSOL), which commenced in June 2022. This programme will help the nation migrate, in about three years, to a grid that uses 19 per cent renewable energy.

What does the Guyana Energy Agency do?

The Guyana Energy Agency is responsible for overseeing feasibility studies for the integration of renewable energy programs in Guyana and has regulatory oversight over certain aspects of the energy industry, in addition to the Ministry of Public Works.

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.

Is offshore wind a viable option in Guyana?

Guyana's geographic location makes offshore wind a viable alternative for renewable energy production. However, current regulatory hurdles are likely to stymie investment in this technology in Guyana.

Why is Guyana a good place to invest?

Guyana presents opportunities for investment in renewable energy due to a lack of reliable electricity in its outlying regions. These areas, although having small populations, often have attractive natural resources and locations.

How many solar farms are in Guyana?

Three electrical systems in Guyana—the Demerara-Berbice Interconnected System, the Essequibo System, and the Linden System—are served by GUYSOL’s investment in eight solar farms totalling 33 MWp and 34 MWh of battery energy storage. Once completed and operational, the projects should prevent 75,277 tons of CO2 emissions.