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PUBLIC NOTICE

DECISION ON FEED-IN-TARIFFS FOR RENEWABLE ENERGY TECHNOLOGIES ABOVE 1MW AND UP TO 10MW

On December 31, 2022, the Fair Trading Commission issued its Decision on Feed-in- Tariffs (FITs) for Renewable Energy (RE) Technologies above 1 MW and up to 10MW.

In accordance with the Fair Trading Commission Act, CAP.326B (Amended), the Utilities Regulation Act, CAP. 282 (Amended), and with consideration of the objectives outlined in the Barbados National Energy Policy, comments submitted during the July 2, 2022 to August 5th, 2022 public consultation and applicable market developments, the Commission has determined the following:

  • The effective date for this component of the FIT programme shall be January 1, 2023.
  • The rates shall remain in effect for a period of 1 year.
  • FIT contracts obtained under this Decision shall apply for 20 years.
  • The FITs for solar PV and land-based wind systems sized up to and including 1MW by bands specified are set out in the table in the Decision.
  • The FIT for solar PV and land-based wind systems size above 1MW and up to 5 MW shall be BDS 26.75¢ and BDS 26.25¢, respectively.
  • The FIT for solar PV and land- based wind systems size above 5MW and up to 10 MW shall be BDS 25.25¢ and BDS 25.25¢, respectively.

The Barbados Light & Power Company Limited will purchase 100% of the output of each respective RE facility for a period of 20 years from the facility’s commercial operation date.

The Decision can be accessed here.

Should you have any queries, you may call the Commission at 424-0260/424-0329 or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .bb.

 

Dated this 31th day of December 2022

 
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