Nassau, Bahamas and Christ Church, Barbados --- (METERING.COM) --- May 24, 2010 - Pilot net metering projects are to be introduced in the Bahamas and Barbados with support from the Inter-American Development Bank (IDB).

In the Bahamas, the project will form part of a solar photovoltaic (PV) project, which is aimed at developing the technical and operational procedures for installing solar PV systems in the residential sector, including the grid connection and customer application requirements. A representative sample of PV systems will be installed in a range of 20 to 30 private households, with the systems in each household contributing to a maximum of 70 percent of their current average electricity consumption. Further, a mixed market driven promotion scheme, based on the combination of a subsidy and cofinancing by consumers will be developed.

In Barbados the project will form part of a larger project to analyze and develop policy support for renewable energy options, including solar, wind and biogas. A power purchase scheme to facilitate the purchase and sell of power from and to the utility will be developed and a pilot net metering project will be introduced.

The projects are part of broader projects to support the development of renewable energy and energy efficiency projects in the two nations. In the Bahamas more than $1.4 million in technical assistance is being provided by the IDB to assess the potential in renewable energy and energy efficiency, as well as to strengthen the institutions that regulate the energy sector. In addition, $1.5 million in grants is being provided by the IDB and the Global Environment Facility (GEF) to implement pilot renewable energy and energy efficiency programs in public, commercial and residential buildings.

In Barbados more than US$ 2 million in technical assistance is being provided by the IDB to promote the Sustainable Energy Framework of Barbados (SEFB), which is a central element in the government’s strategy to reduce dependency on fossil fuels. In addition $1 million in grants is being provided for pilot renewable energy and energy efficiency projects.