Is Suriname a good place to invest in solar energy?

The existing hydropower plant, Afobaka dam, which supplies about the 50% of the electricity demand of the country, can be one of the keys for the development of solar and wind energy. Additionally, in Suriname there is a good complementarity of the hydro and solar resources.

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.

What is the energy plan of Suriname?

2017 The Plan provides a framework for the policy programs and measures (inclusive of energy policies) between 2017 to 2021. 2016 The Act established the Energy Authority of Suriname for the regulation of the electricity supply sector and introduced renewable energy tenders allowing for the marketisation of renewable energy. 3.

What is the Energy Authority of Suriname?

2016 The Act established the Energy Authority of Suriname for the regulation of the electricity supply sector and introduced renewable energy tenders allowing for the marketisation of renewable energy. 3. Includes a specialisation in sustainable energy management.

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.