BVI Moves Forward With Renewable Energy

Opportunities for Residents and Investors

In November 2018, the BVI brought into force Renewable Energy Regulations made under a 2015 amendment to the British Virgin Islands Electricity Corporation Act. The BVI is well positioned to generate several forms of renewable energy—wind, solar and hydro energy being the most obvious. Consumer-generated wind energy has been used on the outer islands for several years, under a more restrictive legislative framework that was in place.

The new legislation provides an opportunity for anyone to become a consumer-generator and offers a broad range of renewable energy alternatives in addition to those mentioned above, including

• geothermal;