Barbados is set for a $3.5 billion investment in the renewable energy sector.Minister of Energy Kerrie Symmonds said on Monday that Cabinet has created a national energy storage policy with the anticipation that storage would be the next frontier in renewable energy investment.“It is anticipated that energy storage systems will be unlocking $3.5 billion in investment for this country. Government does not contemplate a single storage solution but instead is contemplating several grid-related services,” he announced during the Barbados Renewable Energy Association (BREA) annual general meeting held via Zoom.“Services which reduce or eliminate the need for energy curtailment will be of the greatest interest to the Government and will also be a type of service that should be of the greatest interest to independent power producers and investors.”
