Beautiful Virgin Islands

Tuesday, Jul 15, 2025

Energy Expert To Help Gov't Slash $26.1M Fossil Fuel Bill

Energy Expert To Help Gov't Slash $26.1M Fossil Fuel Bill

The Government plans to hire an energy expert to help roll back the $26.1M annual fossil fuel cost and into Green energy.

Premier and Minister of Finance, Hon. Andrew Fahie said Government is pressing ahead with its plans to reduce the Territory's dependency of fossil fuel which is seeing millions leave the territory to enrich other countries.

"To ensure that this is done properly and in a timely manner, we will be, in short order, soliciting the services of an energy expert to work between the Premiers Office and the BVIEC [BVI Electricity Corporation] Board so that our Green energy transformation is a success," Premier Fahie indicated.

In a statement ahead of the Virgin Islands Party's first year in office, the Premier outlined the Government's plans for the energy sector.

Currently, all fossil fuel consumed in the BVI is imported from other countries and according to the Premier, the average base cost of fossil fuel over the past five years is $2.18 per gallon.

"I am advised that the average consumption of fossil fuel in the BVI is presently 1 million gallons per month. Therefore, the BVI consumes $2.18 million in fossil fuel per month at base cost. That is $26.16 million per year, and $130.8 million over five years, that is leaving our shores to enrich other countries and other economies. Put another way, the BVI people and our economy loses $26.16 million every year by importing fossil fuel," Premier Fahie outlined.

He added, that as our economy grows, the Territory's fuel consumption will grow even further beyond the 1 million gallons per month, and this means even more money will be leaving our shores.

"Green energy is free. Thus, by reducing our fossil fuel consumption by 60 percent, we can reduce this leakage by about $15.7 million per year, based on the current usage and prices. That would be savings for the people of the Virgin Islands of $78.5 million dollars over the next five years," the Premier explained.

He shared that Compressed Natural Gas (CNG) and LPG are cleaner and cheaper fuels. Therefore, there will be even further savings and benefits for the BVI people when we switch to CNG and LPG for the remaining 40 percent of our fuel needs.

"This is money that can remain in the pockets of Virgin Islanders or money which you, the people, can spend on other things such as improving your homes and properties, buying food or educating and caring for your children, or you can put that into your savings. That is money that can strengthen the BVI’s economy instead of some other country’s economy," Premier Fahie shared.


Big Plans

The Premier disclosed that Government intends to get to 60 percent Green by 2030 or before. He said that a series of public awareness meetings are planned for March to educate the population on how they can participate in the Green economy and how they can go about accessing the benefits and incentives of our Green initiatives.

To the business community and investors, Premier Fahie said that the Government is open to receiving unsolicited proposals to create partnerships that will assist the Government in achieving our vision to the benefit of all.

He disclosed that within the first month of your Government’s tenure, the BVI Electricity Corporation (BVIEC) was mandated to take a leading role in driving the Territory’s transition to Green energy sources.

The Government has already implemented initiatives, including zero tax on the import of clean energy systems such as solar and wind power generation equipment, hybrid vehicles and conversion of vehicles to Liquified Propane Gas (LPG), for a period of one year.

"I announced that there would be a comprehensive mechanism for private citizens who generate their own electricity to earn revenue by selling power back to the national grid. By the end of 2020, instead of you paying BVIEC for electricity, it can be the other way around if you Go Green. This is how your young, new Government has been working for you," Premier Fahie stated.

According to Premier Fahie, Government is on the way to making Anegada the first island in the Virgin Islands to generate its own electricity. BVIEC is rolling out a project to create a microgrid powered by solar energy using solar photovoltaic (PV) technology and battery storage.

Last November, a solar power system was installed in the Youth Empowerment Project (YEP) building in East End through a partnership involving BVIEC and a BVI-based renewable energy company, aTec. Premier Fahie indicated that this is a grid-tied system and is helping BVIEC to develop the policies, systems and regulations for our transformation of the energy sector including the introduction of net-billing for customers to sell excess power to the grid.

In order to prepare for jobs in the new Green energy industry, Premier Fahie reminded that Government has successfully sealed a partnership involving the Premier’s Office BVIEC, Power52 and the H Lavity Stoutt Community College (HLSCC) to train youth from across all nine Districts in the installation of renewable energy systems.

The training programme was launched last month.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Junior Doctors in the UK Prepare for Five-Day Strike Over Pay Disputes
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
×