4th Growth and Resilience Dialogue with Social Partners Presentation

SOLAR PV DEMONSTRATION PROJECT – SAINT LUCIA

Impact (Benefits) Environmental Benefits: expected to reduce 2,500 MWh and ~1,768 tons of CO2e (equivalent to taking 375 cars off the road for 1 year) Lower Electricity Prices Enhance SLU’s Energy Security & Energy Resilience Lessons learned to promote scaling-up systems in Saint Lucia through pilot project and disseminate results throughout Caribbean region Solar PV Capacity : 200 kW Location : EU Owen King Hospital (National Hospital), Project Value : 600K (RETF, SLU’s share) Business Model : Buy-All, Sell-All* Project Details Objective: D emonstrate use of commercial scale PV

* 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 purchases all its electricity from the grid at the retail electricity rate but receives a credit for the solar PV power it exports to the grid (sold at a rate lower than the purchased retail rate to allow the utility to recover fixed costs associated with grid operation). However, in SLU the sell price has not yet been