Two years ago I wrote about the moves that the Caribbean island nation of
St. Lucia was in talks with Qualibou Energy to launch a
geothermal power project. Not much news about the initiative has been made in the past year and a half, but St. Lucia is still determined to harvest its vast potential resource of clean energy. Now a firm in South Korea could be interested in investing in a similar project.
Geothermal energy has long been touted as a potential game changer for the Caribbean Islands’ energy needs, but so far the quest for energy independence in this region is one that is largely on hold. The island of
Dominica is exploring the possibility of achieving a carbon negative economy by 2020, and geothermal energy is also part of that small nation’s overall plan. But so far a geothermal plant is described by more “hopes” and “could have” instead of concrete definite plans.
Enter Korea East West Power, a subsidiary of KEPCO (Korea Electric Power Corporation), which is interested in such a geothermal project in St. Lucia. Foreign Minister Alva Baptiste recently gave a presentation about St. Lucia's goals during his recent visit to Korea, but no agreement or MOU has yet been signed.
For the Caribbean, clean energy would help give these small and volatile economies a lift. The vast majority of energy, of course, is imported, and most of it is dirty diesel fuel. Electricity is an expensive proposition in these economies, and is too pricy for most citizens in this region who are already struggling as they try to make ends meet. The key, however, is massive sums of investment. The promise of geothermal is still clouded by too many questions marks and not enough action.
Photo courtesy
Wikipedia.
About The Author
Leon Kaye
Leon Kaye is the founder and editor of GreenGoPost.com and its advisory division,
GGP Media.
Contact him to discuss how he can work with your organization or event.
His focus is making the business case for sustainability and corporate social responsibility (CSR).
He writes for San Francisco-based
Triple Pundit,
Inhabitat and now
The Guardian, for which he writes about corporate responsibility, water, and green building. He has also written for AIA's
Architect Magazine.
Leon works out of Fresno and Silicon Valley, California, and when he has free time, he enjoys hiking, gardening, cooking, weightlifting, and planning his next trip to one of the 60 countries he has visited. He has an MBA from USC's Marshall School of Business and is also a proud graduate of the University of Maryland-Baltimore County (UMBC) and Cal State-Fresno.
Two years ago I wrote about the moves that the Caribbean island nation of St. Lucia was in talks with Qualibou Energy to launch a geothermal power project. Not much news about the initiative has been made in the past year and a half, but St. Lucia is still determined to harvest its vast potential resource of clean energy. Now a firm in South Korea could be interested in investing in a similar project.
Geothermal energy has long been touted as a potential game changer for the Caribbean Islands’ energy needs, but so far the quest for energy independence in this region is one that is largely on hold. The island of Dominica is exploring the possibility of achieving a carbon negative economy by 2020, and geothermal energy is also part of that small nation’s overall plan. But so far a geothermal plant is described by more “hopes” and “could have” instead of concrete definite plans.
Enter Korea East West Power, a subsidiary of KEPCO (Korea Electric Power Corporation), which is interested in such a geothermal project in St. Lucia. Foreign Minister Alva Baptiste recently gave a presentation about St. Lucia's goals during his recent visit to Korea, but no agreement or MOU has yet been signed.
For the Caribbean, clean energy would help give these small and volatile economies a lift. The vast majority of energy, of course, is imported, and most of it is dirty diesel fuel. Electricity is an expensive proposition in these economies, and is too pricy for most citizens in this region who are already struggling as they try to make ends meet. The key, however, is massive sums of investment. The promise of geothermal is still clouded by too many questions marks and not enough action.
Photo courtesy Wikipedia.
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