What is Curacao's energy policy?

In 2009, Curacao developed an energy policy document, which sets out general guidance and governing principles for further study of energy issues.4 It suggests the goal of reducing energy consumption by 40% by 2020 and encour- ages the investigation of combining wind power with storage to provide 100% of the island’s energy needs.

Why does Curacao face energy security issues?

Curacao faces energy security issues not only due to its reliance on imported fuels but also because of the age of its generation infrastructure. Thirty megawatts (MW) of Aqualectra’s generation portfolio is beyond its expected service life and the surplus power from the RdK refinery is subject to frequent outages.

Who is intersect power?

Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in retail and wholesale energy markets. Intersect Power had the honor of serving as the presenting sponsor for the 2024 ‘Reading with RUCKUS’ literacy education program, in partnership with the Amarillo Sod Poodles!

Why does Curacao use wind energy?

Curacao’s long history with wind energy has provided it with valuable experience in integrating variable energy resources into the electrical system while also demonstrating the value of avoiding petroleum-based electricity generation.

Does Curacao need electricity?

Like many island nations, Curacao is highly dependent on imported fossil fuels (more than 95% of the island’s electricity is generated using petroleum-based fuels), leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.

When will intersect power's first co-located project be operational?

The first phase of the first co-located project is expected to be operational by 2026 and fully complete in 2027. Founded in 2016, Intersect Power provides scalable low-carbon solutions to energy customers and is a portfolio company of TPG Rise Climate, which is the climate-focused fund of private equity firm TPG.