Local Business Goes ‘Green’ With Solar Energy in Guyana

• As part of its commitment to achieving low-carbon development goals, the Government of Guyana has been actively promoting renewable energy investments. This initiative has seen more companies transition from fossil fuels to renewable energy sources.
• Among the private sector leaders in this shift is ActionINVEST Caribbean Incorporated (ACI), which has significantly enhanced its sustainability practices. ACI has retrofitted its headquarters with a solar photovoltaic (PV) system and has begun using electric vehicles (EVs) for its operations.
• According to Dr Vishnu Doerga, Founder and Executive Chairman of ACI/ActionCOACH Guyana, the motivation was to reduce energy consumption, save on electricity costs, and foster an environmentally conscious culture among staff.
• He also praised the Government of Guyana for facilitating a seamless transition to renewable energy through supportive policies. These policies include customs duty and VAT exemptions for renewable energy technology, a two-year tax holiday for solar and wind energy investments, and a grid-connected solar PV net-billing system that allows companies like ACI to save on energy costs. The Guyanese government has also introduced incentives for electric vehicles, including zero rates of duty and taxes and a 50% annual write-down allowance.
• Dr Doerga encouraged other businesses to consider transitioning to renewable energy, emphasising the importance of assessing energy needs and financing options. He also stressed the importance of national conversations about renewable energy, commending the Guyana Energy Agency for its role in educating businesses about sustainable energy practices.
• Guyana’s proactive approach to promoting renewable energy is proving vital in the country’s efforts to build a low-carbon economy and ensure reliable, affordable, and sustainable energy access for all its citizens

(Source: Guyana Chronicle)