Bahamas energy company forms strategic solar partnership

Global Energy Solutions last week signed a Memorandum of Understanding (MOU) for a clean energy technical partnership with Orlando-based Sybac Solar, a utility scale PV project developer. The Bahamian company was one of three first-round funding recipients from the Bahamas Striping Group’s investment arm, The Investment Group. The partnership with Sybac will provide Global Energy Solutions with decades of industry experience, favorable economics, and scale. Daniel Proculfly, the head of Sybac Solar’s US operations, said it had already secured funding for solar projects from existing investors who were “very supportive” of the potential for such developments in the Bahamas. John Bush, political and energy officer at the US Embassy in Nassau, said the Global Energy Solutions and Sybac arrangement was a “strategic and timely partnership”. “This is a sign that the Bahamas is really ready to embrace green energy; for decades it’s fallen behind the region in renewable penetration despite its potential,” he said. He suggested that renewable energy firms come together to form an alliance to speak with one voice and advocate for regulation and an enabling environment.