So­lar power plan to un­lock Nor­way $$

Stabroek News Sunday - - RECENT EVENTS REVIEW SATURDAY, JUNE 30TH TO FRIDAY -

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.

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