Caribbean Island Closer to Becoming Geothermal Energy Exporter

From: Leon Kaye, Triple Pundit, More from this Affiliate
Published August 12, 2010 05:14 PM

Among the islands in the Eastern Caribbean, St. Lucia’s economy is performing comparatively well. The island, which is less than half the size of Los Angeles proper and is home to about 170,000, is diversifying its agricultural sector, has decent infrastructure, and has attracted investment in its manufacturing and banking sectors.

Now this tiny nation northwest of Barbados is making a move on the renewable energy front. St. Lucia’s government has signed an agreement with US-based Qualibou Energy for the development of a geothermal plant. If all goes as planned, the plant will generate 12 megawatts of electricity by 2012, and another 108 MW of capacity will be in operation by 2015.

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