THERE ARE FEARS Barbados’ much-touted solar energy sector could fall apart unless it is overhauled.
Businessman Ralph “Bizzy” Williams, who has invested millions to generate electricity from the sun and was on the verge of building a $6 million one-megawatt solar farm in Cane Garden, St Thomas, insisted that Government had to step in quickly.
One of his biggest concerns is the current legislation that forces solar power producers over a certain size to sell all of it to the Barbados Light & Power (BL&P) and then repurchase electricity from the Canadian-owned power company.
Williams said that what solar power suppliers were being paid by BL&P was now less than what they had to pay to repurchase electricity from the company, and he was worried this would lead to the demise of businesses which had invested substantial sums and were looking for a decent return on investment.
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