Guam new energy ltd

What is Guam's energy policy?

In 2019, P.L. 35-46 raised the RPS to 50% net electricity sales by December 31, 2035, and 100% by 2045. Regulations are described in Guam Code § 8311. GPA's Clean Energy Plan (2022 Integrated Resource Plan) roadmaps a path to 100% clean, reliable, resilient, affordable energy by 2045 and builds upon the 2008 IRP.

Why is Guam reliant on imported fuel?

With no indigenous fossil energy resources, Guam is reliant on imported fuel for their energy and transportation needs, with most of the imported fuel coming from Asia. The Guam Power Authority (GPA) is a public-power utility and autonomous agency of the government of Guam.

How can Guam reduce reliance on diesel power?

In addition to increasing the resilience of its power system, Guam is also seeking to increase utilization of renewable energy sources to reduce reliance on diesel powered generation.

How much energy does Guam use?

Conclusion Total energy consumption in Guam has been increasing over the past 12 years. In 2021, the island consumed 241 million gallons of imported fossil fuels. Of the total energy consumed on the island, less than 4% is supplied by carbon-free renewable energy.

Why does Guam need fossil fuels?

Due to geographic isolation and lack of local energy supply, Guam depends on imported fossil fuels to meet all its energy needs. Liquid fuel supply chains are vulnerable to physical, political, and cybersecurity threats as well as market conditions, which can result in supply uncertainty, price volatility, and high energy costs.

Does Guam need to retire power plants?

Guam Power Authority is challenged by the need to retire power plants while reliably and affordably delivering power to its customers. The settlement of an EPA Clean Air Act violation requires GPA to retire older fossil-based generating plants while Renewable Portfolio Standards mandate a transition to carbon-free electricity.