BL&P’s Promise to Barbadians — You Must Invest in Community Solar
He added that Light & Power is also planning “community solar to ensure that every Barbadian has the opportunity to participate in the island’s green transformation and the renewable energy future for Barbados.” – Roger Blackman, Managing Director (BLP)
The Barbados Light & Power in its recent edition of Watts New Business Managing Director Roger Blackman reassured the audience that his company is committed to a 100/ 100 vision of 100% renewable energy. This is good news for some of us who appreciate that a sustainable power supply that is affordable and a strategic fit for a Small Island Developing State is the commonsense approach.
The reference by Blackman to “community solar” should pique the interest of all Barbadians who have had to labour in an investment market of reduced interest rates and extension of bond maturities. There is no reason why the public and private sector should not structure investment opportunities for ordinary citizens to invest in growth areas. Barbadians have always been a thrifty people and this behaviour is reflected in the billions of dollars which continue to nestle with financial institutions. The fear for many is that if citizens see no appealing avenues to invest they will stop saving and engage in greater consumption behavior which the country cannot afford given the forex earning constraints.
It hasn’t gone unnoticed that Wigton Windfarm in Jamaica is about to list on the Jamaica Stock Exchange (JSE) with an IPO and Prime Minister Holness has been encouraging ordinary Jamaicans to grab the opportunity to invest. It is a nobrainer for private and foreign investors – with good reputations – to see the benefit of an adequate rate return by investing in a growth area. It is a no brainer that government and private sectors have a vested interest is creating an optimal climate for investment by creating the best investment products. The blogmaster notes that the proposed GAIA PPP floated by the government accommodates worker participation. The business models practiced by Williams Group of companies and a few others in Barbados should be standard modus operandi as we work to make Barbados great again. Trade Unions calling striking action for a 1% or 2% wage increase has become redundant. All collective bargain agreements should demand worker participation.
The financial sector continues to demonstrate its unwavering commitment to maintaining shareholder value during times of austerity. The government must pave the way for a new business model to emerge that will sustain national development and enfranchise Barbadians. If we do not do it, who will?
We are Barbadians, we can do this!
Credit to sirFuzzy.