Dominica and UAE announced deal for hurricane-resistant clean energy project

The Commonwealth of Dominica and the UAE-Caribbean Renewable Energy Fund - UAE-CREF has declared a deal for the hurricane resistant clean energy project.

Dominica: The Commonwealth of Dominica and the UAE-Caribbean Renewable Energy Fund – UAE-CREF has declared a deal for the hurricane resistant clean energy project.

The – $50 million development in Dominica will support a – 5-megawatt/2.5 megawatt-hours battery energy storage system that would support the island’s clean energy objectives.

The system is projected to maintain the electricity grid and deliver reserve power and frequency control to the extreme weather prone country. It would also provide the people of Dominica – secure access to clean, renewable energy and would pave the way to achieve – the UN sustainable development objectives.

On this contract, the Prime Minister of Dominica – Roosevelt Skerrit, expressed gratitude to the government of UAE for their vital contribution to the development of Dominica.

He stated, “The 5MW battery storage system would enable us to move more quickly to the transition from fossil fuel to the renewable sources of energy in electricity sector. We are looking forward to a partnership with the UAE in the sector of sustainable development and other fields of mutual interest both multilaterally and bilaterally.”

For the years, Dominica and its citizens have prioritised the fight against- climate change wiith funds from sources like – the Citizenship by Investment Programme. The nation has supported initiatives like -the geothermal plant, which is currently under construction. This geothermal plant aims to generate clean energy of 7MW to supply almost the whole Dominican population and drive the island’s energy mix to- 51 per cent renewables.

The CBI Programme also enables highly vetted foreign investors to take Dominica’s citizenship in exchange for – US$100,000 investment to the Economic Diversification Fund -EDF or US$200,000 into pre approved luxury real estate that also builds Dominica’s blossoming ecotourism.

With a sharp focus on – sustainability, the Dominica island channels investments from the -CBI Programme for its energy security, infrastructure and housing support. This puts the Caribbean island on track to become – the world’s first climate-resilient nation, as pledged by PM Skerrit after Hurricane Maria hit the nation in 2017.