Island Times: For now, I have one thing in mind which I would like to have a clarification with. In my previous interview with one of the senators, it was shared that one of the Senate’s concerns is whether the Palauan people are going to pay a power bill that is fair. PPUC Board Member Brian […]
Tag: GridMarket
Posted inTop Stories
GridMarket CEO explains why the inked PPA is the best deal for Palau
As opposing views surrounding the Power Purchase Agreement (PPA) signed by the Palau Public Utilities Corporation (PPUC) with France-based company Engie Eps continue to divide the Palauan leadership, GridMarket Chief Executive Officer Nick Davis has stepped in to explain that the proposed $0.19/kWh starting energy rate for Palau under the microgrid project is a “great […]
Posted inTop Stories
GridMarket CEO breaks silence, says slow action might put microgrid project at risk
GridMarket Chief Executive Officer Nick Davis said that slow action on the microgrid project deal with the Engie Eps might put the unsubsidized microgrid project in Palau at risk. “Engie tapped into Philanthropic funding to deliver this groundbreaking initiative, but this funding is competitive and will elapse, which will result in higher cost offers for […]
Posted inBillboard
Securing Sustainability, Securing Savings
Following the Paris Agreement (COP21), Palau committed to producing 45% of its energy from renewable sources by 2025 and to a 22% reduction of our energy sector emissions below 2005 levels by the same year. Long reliant on imported diesel fuel, which has recently accounted for more than 95% of its energy generation, Palau organized […]
Posted inTop Stories
Some solar panel installations in Palau not working: GridMarket CEO
GridMarket Chief Executive Officer Nicholas Davis revealed during a meeting with the Palau national and state leadership on August 22 at the Palasia Hotel that some of the solar panels already in place in Palau are not doing anything. Davis, during his presentation, showed photos of solar panels that are already sitting on roofs that […]