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International News


Renewable Energy Will Cover 85% in 2030
International, 8/6/2015

According to a report by the Worldwatch Institute, presented by the Dominican Ministry of Mines and Energy, the transition to an electrical system powered by 85% renewable energy can reduce the average cost of electricity in the Dominican Republic to 40% by 2030 compared to 2010.

The report shows that the Dominican Republic is dependent on imports of fossil fuels by 86% of their electricity production, bringing economic and environmental costs vulnerabilities. The country spends up to one-tenth of their gross imports of fossil fuels and spent a billion dollars in grants in 2011, to maintain electricity billing rates more affordable.

The transmission and distribution losses remain very high, at 32%, leading to significant economic losses to the Dominican energy system. The dependence on fossil fuels also leads to pollution, and the high cost of local health contributing to global climate change.

Of the possible renewable installed capacity, the majority (85%) could be met by solar energy (4,708 MW) and wind (4,205 MW) by 2030, according to the most ambitious scenario presented in the report. The rest would come from small hydro and chaff.

It also indicates that the biggest obstacle is the initial cost of a system change. Capacity building of enough renewable energy to power 85% of the Dominican electricity would require investments of around US $78 billion. However, switching to renewable energy is much more affordable than any scenario with a majority of conventional energy, including installation, operation, and fossil energy power plants.

The total savings for the country at the highest renewable scenario (85%) are US $25 billion in 2030. That would free public money over the next 15 years, to spend on other more pressing social and economic concerns.

Source: http://www.diariolibre.com/economia/economia-personal/el-85-de-la-electricidad-sera-renovable-en-el-2030-BYDL1231451

Topic(s):    Sustainable development