Will solar energy be cheaper in Suriname?
The price of solar energy has been dropping dramatically during last 20 years and the projections suggest that it will maintain that trend in the coming years. In a near future, solar energy in Suriname will be cheaper than the electricity coming conventional fossil fuel plants.
Which countries export to Suriname?
Suriname's main import partners include the United States (24.9%), China (14.8%), Netherlands (12.8%), Trinidad and Tobago (5.5%), and Japan (3%), with exports being directed mainly towards Switzerland (39.1%), the United Arab Emirates (20.7%), Belgium (10.3%), Guyana (5.4%), and Trinidad and Tobago (4.3% - data OEC 2022).
Why is solar energy important in Suriname?
Additionally, in Suriname there is a good complementarity of the hydro and solar resources. During dry season, when the level of the dam is low, the solar radiation is higher. In this period, solar energy can help reduce the risk of energy deficit.
How much does electricity cost in Suriname?
In Suriname, according to the national electrical utility, the actual total cost of electricity is the main power system is 13 US cents/kWh, including generation, transmission, operational and maintenance costs. In 2018, only the cost of fuels and lubricants used in the Heavy Fuel Oil power plant, was 8 US$ cents/kWh.
Does Suriname have a trade licensing system?
The trade licensing system is also outdated and extremely time-consuming. Unlike many countries in the region, Suriname generally runs a merchandise trade surplus. According to the WTO, the country exported USD 2.5 billion worth of goods in 2022, vis-à-vis USD 1.8 billion in imports (+12.5% and +30.5% year-on-year, respectively).
How to start a solar power plant in Suriname?
The Electricity Act 2016 in Suriname states that utility scale solar plants shall be introduced by organizing a tender process and by signing Power Purchase Agreement between the energy company and the owner of the solar or wind power plants.
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