About 2

Key highlights 2

Executive summary 3

What fossil dependence costs the Caribbean 7

  1.1 Fossil power leaves the Caribbean highly exposed to imports 7

  1.2 Households pay among the highest power prices in the world 10

Renewables already cost less than fossil power 12

  2.1 Solar with batteries now costs less than a new gas plant 12

Renewable generation targets are not being met 15

  3.1 Almost all set a target; not all defined how to measure it 15

  3.2 The solar build-out the Caribbean's statistics cannot yet see 19

Closing the gap between target and delivery 21

  4.1 Set targets that can be checked, and verify progress 21

  4.2 Stop the utility deciding who competes with it 23

  4.3 Tender what the system needs, and publish the result 24

Supporting materials 27

  Methodology 27

  Acknowledgements  30