The solar energy farm which sits at the Southern end of the Argyle International Airport (AIA) was officially opened on June 15, 2018.
The energy farm consists of a 420 kilowatt Solar PV System, and the energy generated will be fed into the island’s public electrical grid.
Prime Minister Dr Ralph Gonsalves speaking at a press conference on Monday said;
“This project will save close to $460,000 worth of diesel per year; it will also provide sufficient energy to power 480 homes on a daily basis”.
Funding for the project came from the CARICOM Development Fund (CDF), a soft loan agreement of just over EC 2 million dollars and by the UN Promoting Access to Clean Energy Services (PACES) Project in St. Vincent and the Grenadines.
The monies expended funded the first phase of the solar energy project.
Gonsalves said the government is speaking with CDF officials to work out a method whereby the loan can be transformed into a grant.