
In 1987, the Provo Power Company (P.P.C. Limited) acquired a 50-year exclusive license to generate and distribute electricity for Providenciales, North Caicos, and Middle Caicos, which expires in 2037. Sep. . Photovoltaic (solar) panels and some support equipment carry a 0% duty, unlike the normal 30% on most items imported into the islands. However, a 5% Customs Processing Fee (. . HurricanesHurricanes are the largest threat to the integrity and life of a solar array in the Turks and Caicos. Panels are commonly manufactured to. . The payback period will likely be between 8-12 years, although this depends on a number of factors. Due to decreasing global costs of solar components, and a lack of a Turks and Caico. . A number of factors affect the efficiency of solar panels across locations. For example, PV panels located at higher altitudes receive more solar radiation and thus produce more po. [pdf]
Solar-derived power is increasing in popularity, with many private installations visible throughout the country, especially on new Turks and Caicos villa projects. Several local companies specialize in both supply and installation of alternative energy systems. The FortisTCI electricity plant on Providenciales.
The contract outlines the installation of five rooftop solar PV systems, with battery energy storage and accessories at the following critical public facilities: These rooftop solar PV systems are specially designed for resilience to withstand fierce climatic conditions in the Turks and Caicos Islands.
The Turks and Caicos Government and Fortis TCI are currently reviewing the electricity legislation to enable Turks and Caicos residents to use the solar power they produce to offset their power consumption (rather than sell everything back to Fortis at their pre-agreed rate).
The 2015 electricity rates in Turks and Caicos are $0.29 per kilowatt-hour (kWh), slightly below the Caribbean regional average of $0.33/kWh. Like many island nations, Turks and Caicos is almost 100% reliant on imported fossil fuel, leaving it vulnerable to global oil price fluctuations that have a direct impact on the cost of electricity.
Turks and Caicos has few policies related to energy eficiency and renewable energy. Historically, the territory has not implemented policy mechanisms to aid in the development of clean and energy-eficient technologies.
The “Transitioning towards Green Energy in the Turks and Caicos Islands” project falls within the development activities of the RESEMBID programme, which is 47-project programme funded by the European Union and implemented by Expertise France - the development cooperation agency of the Government of France.
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