Sunday, March 3, 2024

Solar demand heating up

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The growth of the renewable energy sector is accelerating at an unprecedented pace.

Although there has always been interest in the industry, three leading solar suppliers are reporting that interest “skyrocketed” in recent years mainly due to the high cost of living, the rise in fuel and the guaranteed returns on the investment.

The suppliers indicated that they have been executing many projects for commercial, residential and industrial needs all with the same aim – to cut costs and earn from a new revenue stream that ensures 100 per cent back on investment and a chance to earn thousands of dollars.

In the past several months the Barbados Light & Power has been adjusting its Fuel Clause Adjustment on customers’ bills due to increasing global oil prices, which has resulted in increased charges for customers. (SB)

 

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