The energy security of the countries of the Organization of the Eastern Caribbean States (OECS) namely, Saint Lucia, Dominica, Saint Vincent and the Grenadines, Saint Kitts/Nevis and Grenada is currently solely dependent on the importation of fossil fuel, e.g. diesel fuel for their sustenance. This high energy cost renders their economies to price volatility on the international market which drastically affects their long-term planning strategies for development.
As a result, the OECS countries have currently prioritized the development of geothermal energy as renewable energy in the region, with headquarters in Saint Lucia, in an effort to move away from the dependency on the importation of fossil fuel products. This requires a cost-effective approach and management of exploration risks in order to strengthen the energy capacity of the OECS countries over the…
