Will solar energy be cheaper in Suriname?

The price of solar energy has been dropping dramatically during last 20 years and the projections suggest that it will maintain that trend in the coming years. In a near future, solar energy in Suriname will be cheaper than the electricity coming conventional fossil fuel plants.

Why is solar energy important in Suriname?

Additionally, in Suriname there is a good complementarity of the hydro and solar resources. During dry season, when the level of the dam is low, the solar radiation is higher. In this period, solar energy can help reduce the risk of energy deficit.

How to start a solar power plant in Suriname?

The Electricity Act 2016 in Suriname states that utility scale solar plants shall be introduced by organizing a tender process and by signing Power Purchase Agreement between the energy company and the owner of the solar or wind power plants.

How much does electricity cost in Suriname?

In Suriname, according to the national electrical utility, the actual total cost of electricity is the main power system is 13 US cents/kWh, including generation, transmission, operational and maintenance costs. In 2018, only the cost of fuels and lubricants used in the Heavy Fuel Oil power plant, was 8 US$ cents/kWh.

How can solar power help Suriname & Guyana & the Caribbean?

Empowering Suriname, Guyana and the Caribbean with Clean Solar Energy: Together, we’re not just generating kilowatts; we’re igniting hope, fostering progress, and illuminating the path toward a cleaner, more resilient Caribbean. 02. WHO WE ARE

Is solar power more flexible than wind power in Suriname?

However, two factors lead us to conclude that in Suriname's specific case, wind power is a more obvious candidate to be supported by hydro-driven flexibility than solar power.