Solar power plan to unlock Norway $$
A large-scale solar farm to supply about 100MW to the national grid is in the works and will soon be unveiled as government moves closer towards it 2025 green energy target and satisfying the requirements for access to a large tranche from the Kingdom of Norway, sources say. The Governments of Guyana and Norway met in Oslo late last month and agreed to move their climate, forests and sustainable development co-operation forward with determination. This newspaper understands that the essential point of the meeting was the agreement to extend the partnership, based on the letter and spirit of the original 2009 MOU between the two sides, and focus investments on solar energy as expeditiously as possible. Under the 2009 deal, Norway agreed to pay up to US$250 million over five years for Guyana’s performance on limiting greenhouse gas emissions from deforestation and forest degradation, and for progress made against governancerelated indicators. Only a small amount of this money has been utilized and monies are still to be assigned based on performance.