A 100% renewable Barbados and lower energy bills

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1 A 100% renewable Barbados and lower energy bills Prof. Dr. Olav Hohmeyer Universität Flensburg Green Aruba VI Conference Palm Beach, Aruba, October 28 th, 2015 Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 1

2 Barbados electricity demand and supply (2013) 1. Demand 2013: 912 GWh/a 2. Total production 2013: 970 GWh/a 3. Total operating expenses: Million BBD 4. Fuel : Million BBD 5. Total per kwh: Fuel per kwh: Virtually all BL&P production based on HFO/diesel or jet fuel 2 steam turbines 40 MW (HFO) 6 low speed diesel MW (HFO) 5 gas turbines 86 MW (diesel and jet fuel) Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 2

3 Wind energy on Barbados 1. Size of the island: 430 km 2 2. Theoretical potential on shore: 4.3 GW 3. Practical potential on shore: GW 4. Costs per kwh: Example: March Hourly wind power production in MWh 200 MW installed Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 3

4 PV on Barbados 1. Size of the island: 430 km 2 2. Theoretical PV potential: GW 3. Costs per kwh: Example: March Hourly PV production in MWh 195 MW installed Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 4

5 Pump storage hydropower The Storage option chosen for Barbados Pump storage hydropower: Appropriate size GWh Low cost per MWh storage (<100 US/ kwh storage) Possible drop of 300 m on Barbados Technology chosen for the analysis (3 GWh) Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 5

6 The 100% renewable power system modelled for Barbados 195 MW PV 200 MW wind 3 GWh PSH 25 GWh liquid bio fuel Load in MW Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 6

7 Use of 25 GWh of biomass during the year (about t of biodiesel per year) Hourly production from Biomass in MWh Can be used in most of the existing equipment! Keep the generators as long as possible! Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 7

8 Electricity for 100% renewable Barbados (25 GWh biomass, 3 GWh storage) Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 8

9 Results 2013 A 100% renewable power supply for Barbados is no problem Electricity bill lowered by 175 Million BBD/a Diesel import savings of about 375 Million BBD/a Net import reduction per year Million BBD/a Net tax increase per year Million BBD/a Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 9

10 Electricity cost reductions 2013 by 50% or 100% renewable power production for Barbados Power cost in The case of Barbados power Fossil fuel Fossil fuel Storage system system system 2013 system 50% RE system 100% RE system Share of Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 10

11 Electricity cost changes for Barbados at half the fossil price of 2013 Power cost in The case of Barbados with half the fossil fuel of Fossil fuel Fossil fuel Storage system Half the fossil cost of 2013 system system system 50% RE system 100% RE system Share of Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 11

12 Electricity cost changes for Barbados at 1.5 times the fossil price of 2013 Power cost in The case of Barbados power with 1.5 times the fossil fuel of 2013 Fossil fuel Fossil fuel Storage system system system 2013 system 50% RE system 100% RE system Share of Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 12

13 Conclusions 100% renewable power for Barbados saves 30% power compared to 2013 Even a substantial drop in fossil fuel changes the situation only marginally 50% renewable power will always pay off 100% renewable power is a very good insurance against fossil fuel price risks High shares of renewable power will boost Barbados economy Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 13

14 In most island states we find a similar situation Thank you very much for your attention Contact: hohmeyer@deutschland.ms Prof. Dr. Olav Hohmeyer A 100% renewable Barbados and lower energy bills 14

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