Wednesday, April 24, 2024

BNOCL pushing energy transition

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In keeping with this country’s goal of being 100 per cent carbon neutral by 2030, the Barbados National Oil Company Limited (BNOCL) says its internal transition to renewable energy is at an advanced stage.

Commercial manager Wesley Carter said the state-owned entity has made significant investment in renewable energy infrastructure.

He was speaking to the media yesterday at the opening ceremony of an entrepreneurial training session, which was held in conjunction with the BNOCL, Tradewind Tankers and the Miami School of Business.

Carter explained that apart from the in-house renewable energy initiatives, the company has several major joint prospects with commercial enterprises that are nearing the start date. He also revealed that a number of old oil and natural gas wells are being assessed for geothermal energy potential.

“We have a big project here that is approaching 4.5 megawatt energy production. We have another facility at our sister company, BNTCL (Barbados National Terminal Co Ltd) is going to develop in the near future. If you look at

our roofs you would see that every square inch is covered with solar panels.

“We are also looking at our fields and some of those wells we are going to be repurposing to look at geothermal energy. We are also involved in a big 10-megawatt project, which is a partnership with a labour entity and a large commercial enterprise and we are really close to execution,” Carter said.(CLM)

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