4th Growth and Resilience Dialogue with Social Partners Presentation

SOLAR PV DEMONSTRATION PROJECT – SVG

Impact (Benefits) Lower Electricity Prices: Community College expected to save USD 525,000 over a 10 year period Environmental Benefits: expected to reduce 3,090 MWh and ~2,185 tons of CO2e (equivalent to taking 464 cars off the road for 1 year) Enhance SVG’s Energy Security & Energy Resilience Lessons learned to promote scaling-up Project Details Objective: D emonstrate use of commercial scale PV systems in SVG through pilot project and disseminate results throughout Caribbean region Solar PV Capacity : 200 kW Location : Saint Vincent and Grenadines Community College Project Value : 600K (RETF, SVG’s share) Business Model : Buy-All, Sell-All

* 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 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