Grenada to benefit from multi-million dollar energy investment from UK
GRENADA – Grenada’s government has welcomed a commitment by the British government to spend £10 million to support the country’s goal of climate resilient and sustainable electricity generation. London said that the funding aims to reduce Grenada’s reliance on expensive imported fossil fuels and lower energy costs for businesses and citizens. It said that the new funding adds onto UK’s £19.3 million investment in renewable energy initiative across six Caribbean countries to promote greener, more affordable energy solutions. “We are grateful for the UK’s support in advancing our geothermal exploration project. This funding will allow us to assess the geothermal potential of Grenada and take further steps towards building a clean, sustainable and more affordable energy system for our country,” said Prime Minister Dickon Mitchell, adding “we are excited about the possibilities that this project holds for our country’s future”.
The UK Minister for Latin America and Caribbean, Baroness Chapman, in announcing the funding said “it is supporting Grenada’s efforts to reduce its resilience on fossil fuels and transition to a more sustainable, locally sourced energy future. “The investment in geothermal energy will not only help to lower energy costs for households and businesses, but will also lead to lower carbon emissions, an essential step in tackling the climate crisis we all face. (Jamaicaobserver)
Photo: Prime Minister Dickon Mitchell in talks with UK Minister for Latin America and Caribbean, Baroness Chapman. (Photo CMC)