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The average energy consumption for water heating per family is 4,000 kWh per year (Equivalent to 3.7 barrels of oil per year)

Barbados has approximately 50,000 Solar Water HeatersTotal

Energy saving(per year)

185,000 barrels of oil per year,or

200,000,000 kWh per year

TotalOil Imports

saving(per year)

US $ 12,950,000.00(US $ 70.00/barrel)

BDS $ 25,900,000.00 per year

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Between 1974 and 2002, 35,000 systems were installed withBDS $260,000,000.00 savings to consumers.Perlack Report, Oak Ridge National Laboratory for the USAID.(www.solardynamicsltd.com/wp-content/uploads/2010/07/SWH-report1-2.pdf)Year New

Systems

Cumulativeenergy saving

(kWh)

Electrical Energy

equivalent

Money savingeach Years

(BDS)

4000 kWhper system BDS$/kWh Cost x Energy

1974-2002 35000 140 000 000 260 000 000

2003 2000 148 000 000 0,3689 54 597 200

2004 2100 156 400 000 0,4010 62 716 4002

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Year NewSystems

Cumulativeenergy saving

(kWh)

Electrical Energy

equivalent

Money savingeach Years

(BDS)

4000 kWhper system BDS$/kWh Cost x Energy

2005 2100 164 800 000 0,4311 71 045 2802006 2100 173 200 000 0,4557 78 927 2402007 2100 181 600 000 0,4730 85 896 8002008 2300 190 800 000 0,5785 110 377 8002009 2300 200 000 000 0,4804 96 080 000

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Consumer Energy Savings from 1974 to 2009:

BDS $ 819,640,720.00

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Oak Ridge National Laboratory calculated that Barbados saved 15,000 metric tons of carbon emission from 35,000 Solar Hot Water Systems in 2002.This corresponds to an average saving of:

428 kgCO2 per system per year

This estimate is in accordance with the US Department of energy (25.4 metric tons of carbon per terajoule).

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(Bioenergy Feedstock Development Programs: bioenergy.ornl.gov)

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In 2009, with 50,000 Solar Hot Water Systems installed, Barbados saved:

21,400 metric tons of CO2

This saving makes up more than 5.5% of all carbon emissions in Barbados. (estimated 380,000 metric tons of CO2 emissions in 2009)(Carbon Dioxide Information Analysis Centre at the Oak Ridge National Laboratory).

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International Energy Agency Solar Heating and Cooling.http://www.iea-shc.org/publications/downloads/Solar_Heat_Worldwide-2010.pdf

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Solar Dynamics System compares favorably to others systems tested by the FSEC (more than 200 systems):

www.fsec.ucf.edu/en/certification-testing/STcollectors/hot_water_ratings/index.htm9

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Solar Dynamics System compared to the 15 AET systems tested:

www.fsec.ucf.edu/en/certification-testing/STcollectors/hot_water_ratings/tprdhwa.htm10

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www.fsec.ucf.edu/en/certification-testing/STcollectors/hot_water_ratings/tprdhws.htm

Solar Dynamics System compared to the 4 Solahart Systems tested:

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www.fsec.ucf.edu/en/certification-testing/STcollectors/hot_water_ratings/index.htm 12

1213www.fsec.ucf.edu/en/certification-testing/STcollectors/hot_water_ratings/index.htm

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The more important factors responsible for Barbados’ success in solar hot water systems are:

Recognition of the potential importance of Solar Water Heaters at the very highest levels of Government

Development of the industry at a time of rapidly rising electricity costs and awareness of energy costs.

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Implementation of key fiscal incentives to lower Solar Water Heater costs.

A small but timely Government purchase program for housing development projects.

The combination of high electricity costs and financial incentives made for very low payback periods and little financial risk for the consumer.

Local companies that stand behind the product by offering performance warranties, specified temperatures, and reliable after sales service.

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The Barbados Solar Water Heating program is unparalleled in the Caribbean. (USAID)

The Solar Water Heating program in Barbados is perhaps the best known and successful of all Renewable Energy Technology programs in the Caribbean. (USAID)

The critical expertise to develop the solar water heating concept into a marketable and functional product was provided by James Husbands. (USAID)

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A Special Innovation Award was given in 2006 as part of the National Industrial Awards, which sought to recognize “the single innovation that has had the greatest impact on the landscape of Barbados within the last 50 years”.That innovation was considered to be solar technology. BIDC.

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Solar Dynamics Ltd. is the first known company in the world to give consumers a temperature guarantee.

Solar Dynamics introduced independent product testing by the Florida Solar Energy Center.http://www.fsec.ucf.edu

The design of a horizontal solar storage tank with production in North America by AO Smith and John Wood Ltd.

The design of aluminum extrusions for collectors.

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Based on projections US Agency for International Development Special Financing Mechanisms For The Solar Water Heater Sector, 2002.

The market is for 17,900,000 people in 4,565,000 households across the Caribbean.

Assumed Total Maximum Penetration between 10% to 50% depending on the country. (Trinidad 25%)

Based on systems already installed, the potential market calculated is 798,000 systems. Average assumed price: US $ 1,800.00 = US $ 1,436,400,000.00

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Barbados has established itself as a leader in the Solar Hot Water Industry.The opportunity for expansion of the industry is enormous.EC $1= $1,000

Performance of Solar Dynamics E.C. Ltd.20

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A Vision for the BahamasA Vision for the Bahamas

Set goal of 50,000 solar water heaters Set goal of 50,000 solar water heaters installed by 2015 installed by 2015

Implement package of incentives and Implement package of incentives and financing to facilitate rapid adoption; explore financing to facilitate rapid adoption; explore mandate on new construction and require mandate on new construction and require conversion beyond 2015conversion beyond 2015

Significant energy use and emissions Significant energy use and emissions reductions possiblereductions possible

Powerful economic benefitsPowerful economic benefits11

1Based on oil price of $50 to $130, $0.60/gallon non-crude cost for diesel, carbon price of $10-$30 per mt, $0.35/kwh retail electricity rate, $4,000 average cost of SWH, 15% volume discount, and 60% of cost spent on domestic manufacturing/labor.

26(Presenter: Mr. Al Binger)

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SDL: Making the Vision a RealitySDL: Making the Vision a RealitySDL uniquely positioned to help Bahamas and other SIDS SDL uniquely positioned to help Bahamas and other SIDS

achieve widespread adoption of solar water heatersachieve widespread adoption of solar water heaters Analyze costs/benefits of various packages of tax incentives, Analyze costs/benefits of various packages of tax incentives,

financing structures, and ownership regimes—financial financing structures, and ownership regimes—financial model already operationalmodel already operational

Coordinate with Govt, private sector, local NGOsCoordinate with Govt, private sector, local NGOs Seek multi-lateral and bi-lateral funding / credit supportSeek multi-lateral and bi-lateral funding / credit support Help secure and monetize carbon credits Help secure and monetize carbon credits Explore low cost sourcing, local manufacturing, ECA Explore low cost sourcing, local manufacturing, ECA

support for imports, volume purchase discountssupport for imports, volume purchase discounts Consumer educational campaignConsumer educational campaign

Apply Bahamas experience to other SIDSApply Bahamas experience to other SIDS Replicate successful structures / policies / partnershipsReplicate successful structures / policies / partnerships Consider regional implications of SWH program (e.g., Consider regional implications of SWH program (e.g.,

manufacturing, technician pool, volume purchases, etc.)manufacturing, technician pool, volume purchases, etc.)

22(Presenter: Mr. Al Binger)

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Solar Dynamics and its principal has won many national, regional and international awards:

Barbados Gold Crown of Merit – Independence Awards 1994

Wendell McClean Award – MESA

Ministry of Energy and the Environment - 2007

Entrepreneurship Award – BIDC

World Renewable Energy Congress – 2008

Anthony N Sabga Caribbean Awards for

Excellence - 200823

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Thank You !

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Perlack Report, USAID, 2003Solar Dynamics LtdCIA World Fact-bookLight and PowerUS Department of EnergyCarbon Dioxide Information Analysis Centre at the Oak Ridge National LaboratoryTypical emissions in Northern America (RNCAN, NREL E-U, US EPA)2008 UN estimation for 2010International Energy Agency - Solar Heating and Cooling ProgramFlorida Solar Energy CenterBIDCBarbados Solar Water Heater Industry Export StrategySolarThermalWorld.orgDr. Oliver St. Headley University of the West Indies

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