Sustainable Energy

Sustainable Energy

Renewable energy electricity generation

With a target of 30% of electricity from renewable sources by 2030, Trinidad and Tobago has placed a focus on solar PV and wind (offshore and onshore) energy electricity generation.  Trinidad and Tobago has favourable solar irradiation levels and being an island there is particular interest in offshore wind energy technology deployment.

(Key source of page information - National Energy Corporation of Trinidad and Tobago)

Manufacturing of solar and wind components

Trinidad and Tobago is positioned to become a manufacturing centre for renewable energy components for the solar and wind energy industry which would support the growing demand in the Caribbean and other end markets in the Americas. The International Renewable Energy Agency (IRENA) forecasts that Latin America and the Caribbean will grow their installed solar capacity by a factor of 40 by 2050. To service this demand, Trinidad and Tobago proposes a manufacturing cluster to ensure synergies and cost efficiencies.

Green hydrogen and Green chemicals

Trinidad and Tobago’s industry is highly specialised in gas and oil with the corresponding infrastructure and a focus on ammonia and methanol production. Trinidad and Tobago and the Caribbean region have significant renewable energy potential. These factors facilitate a fantastic opportunity for the development of the green hydrogen economy with production of green chemicals, with the country’s strong petrochemical industry as a foundation. The first low-carbon hydrogen production facility in Trinidad and Tobago is currently under development.

Energy Storage — Battery Assembly

Energy storage is a rapidly growing segment of the clean energy sector, and prices have dropped dramatically over the years. According to Wood Mackenzie’s 2020 Global Storage Outlook, deployments will grow 13-fold from a 12-gigawatt-hour market in 2018 to a 158-gigawatt-hour market in 2024. Trinidad and Tobago invites potential investors to propose battery component assembly and manufacturing projects as well as energy storage projects.

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(Key source of page information - National Energy Corporation of Trinidad and Tobago)

For further information on investing in Trinidad and Tobago's manufacturing industries please review our investment guide here.

InvesTT Investment Guide 2022 by iuGO Digital - Issuu

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