BARBADOS’ lone electricity company says customers switching to photovoltaic power could pose a threat to its bottom line.
However, a top official of Barbados Light & Power (BLP) yesterday said the company was still giving its full support to the push towards renewable energy as the country tries to reduce its near $700 million annual energy bill and respond to unpredictable oil prices.
Stephen Worme, BL&P’s chief operating officer, made the comment just days after businessman Ralph “Bizzy” Williams launched a $14 million 1.4 megawatt photovoltaic project by Williams Evergreen Ltd.
In addition, owner of The Crane Resort, Paul Doyle, announced that he was on the verge of starting a $6 million system to power his hotel and to sell excess to the BL&P.
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