Topic: CREA

Following years of pressure, a report by the utility watchdog OfReg recommending how much customers should be paid for generating solar power for national use has been released.

Utilities watchdog OfReg has approved an increase in how much owners of renewable energy systems are paid to add power to CUC's grid, following what the regulator described as "lacklustre" demand for the existing programme.

Cayman’s ambitious new energy policy seeks to get rid of fossil fuels and petrol-powered cars within a generation, transforming the island to 100% clean energy and electric vehicles.

The Caribbean Utilities Company says large-scale solar projects are the only way to reduce expensive fuel factor costs facing Cayman's growing population, and it hopes to reduce those costs by 50% in the next six years.

CUC is seeking court action to block the public release of a pair of reports containing details of its costs and the capacity of the Cayman Islands power grid to add new renewable energy.

A behind-the-scenes power struggle is being waged over the future of Cayman’s energy supply. As policymakers finalise the road map to transition from fossil fuels to renewable energy, stark divisions remain over how that switch takes place – and who gets to be involved.

Concerns have been raised over conflicts of interest for Grand Cayman’s monopoly utility company CUC as the island attempts to accelerate its transition to renewable energy.