4th Growth and Resilience Dialogue with Social Partners Presentation

SOLAR PV DEMONSTRATION PROJECT – GRENADA

Project Details Objective: Demonstrate use of commercial scale PV systems in Grenada through pilot project and disseminate results throughout Caribbean region Solar PV Capacity : 200 kW Location : T.A. Marryshow Community College (TAMCC) Project Value : 600K (RETF, Grenada’s share) Business Model : Buy-All, Sell-All*

Impact (Benefits) Lower Electricity Prices: TAMCC expected to save USD 360,000 over a 10 year period Environmental Benefits: expected to reduce 2,900 MWh and ~2,050 tons of CO2e (equivalent to taking 435 cars off the road for 1 year) Enhance Grenada’s Energy Security & Energy Resilience Lessons learned to promote scaling-up

* Buy-all, sell-all is similar to Net Billing but the solar PV project exports all the electricity it produces to the grid (utility). The project site purchase