New York, August 2021 -- GridMarket, Sint Maarten, and Island Resilience Partnership (IRP) are thrilled to announce a public private partnership dedicated to helping Sint Maarten transition to
A significant focus of the Energynautics report is the integration of renewable energy sources into St. Maarten''s power grid. The consultancy identified solar PV installations
New York, August 2021 -- GridMarket, Sint Maarten, and Island Resilience Partnership (IRP) are thrilled to announce a public private partnership dedicated to helping Sint Maarten transition to clean, resilient, and affordable energy
A significant focus of the Energynautics report is the integration of renewable energy sources into St. Maarten''s power grid. The consultancy identified solar PV installations
renewable energy.10 The plan also emphasizes the need to raise awareness of energy conservation among individuals and businesses through communication campaigns. Sint Maarten developed a National Energy Policy (NEP) in 2014 that aims to mitigate the impact of energy use on the environment while reducing electricity tariffs.
GridMarket was chosen as Sint Maarten’s exclusive renewable energy partner to help the island reach 85% renewable penetration and 100% heavy fuel oil free by 2030. Sint Maarten will work with GridMarket to identify, design, procure, and install distributed energy assets and make corresponding infrastructure upgrades.
For Sint Maarten, the equivalent rates are roughly $0.35/kWh. Like many islands, Saint Martin is highly dependent on imported fossil fuels, leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.
The Sint Maarten Trust Fund is financed by the Government of the Netherlands, managed by the World Bank, and implemented on behalf of the Government of Sint Maarten by the National Recovery Program Bureau.
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