Page 44 - CARILEC CE Journal Nov 21

optimization services to our portfolio and continue
to make tremendous strides with our thermal assets
in terms of equipping them with the capability to "Innovation is at the heart of
burn most synthetic or potential alternative fuels what we do at Wärtsilä and will
such as biogas, synthetic methane, ammonia, or be vital for us and as a matter of
hydrogen. BNamericas: What are some areas, for fact, any organization to remain
example on the regulatory and legislative front,
that need greater attention from Caribbean energy relevant during this quickly
policymakers? evolving energy transition. We
whole-heartedly believe that
LOUISY: Many countries simply have not the solutions we provide our
established a clear regulatory framework which customers should not only be
addresses the many new players and challenges able to address the market
associated with the modern power grid. Investors
prefer to have a clear idea of the regulatory rules demands of the day but also
which they need to abide by as uncertainty in the those of the future."
market acts as a huge impediment to investment. - Tganni Louisy, Business Development
Additionally, the need for a robust integrated Manager, Wartsila Caribbean
resource plan has become even more important as
countries continue to navigate the energy transition. decarbonization targets. There have been some
These integrated resource plans also need to be tangible developments on the LNG front with a few
created utilizing modern methods which allow for suppliers appearing to have solved the problem of
appropriate consideration to be given to the current delivering relatively small cargos in an economically
and future grid flexibility needs. viable manner. This is quite significant for the region,
especially in the smaller markets where liquid fuels
BNamericas: Over the past two years, Wärtsilä remain prominent. There also appears to be a DUANE MORRIS IS PROUD TO SUPPORT THE
has secured work in the Bahamas, Barbados, the better understanding around not only the technical
Dominican Republic and the US Virgin Islands. What benefits of energy storage, but also the very
other markets in this region is the company looking attractive business cases enabled by the technology, CARIBBEAN ELECTRIC UTILITY
at? so we expect to see a lot more uptake on that front. SERVICES CORPORATION (CARILEC)

LOUISY: The entire Caribbean region has been
and remains a priority for Wärtsilä, from Suriname ABOUT THE AUTHOR Duane Morris has extensive experience advising clients in a wide range of legal matters
and Guyana in the south to Belize in the northwest.
However, a market which looks poised for some related to renewable energy, infrastructure and development projects in the Caribbean
significant investment and transformation in the and surrounding countries and territories. Our international presence enables
near to medium term is Puerto Rico. Not only
is there a clear need for significant additions of us to respond efficiently and effectively to evolving legal, political and economic
renewable generation but complementary flexible issues affecting our clients’ businesses and interests throughout the Caribbean.
assets will be required to fully unlock the potential
of these renewables and to achieve a truly reliable
and resilient grid. David Casallas is the senior energy writer for
BNamericas where he has worked for over 20 years.
BNamericas: What existing and new products, David holds a bachelor’s degree in international Miles L. Plaskett, Partner, Duane Morris LLP
services and technologies does Wärtsilä plan to relations and a graduate degree in Latin American Miami, Florida Office | 305.960.2243
further roll out in the Caribbean? studies. He is based in Santiago, Chile.
www.duanemorris.com [email protected]
LOUISY: Our flexible solutions will continue to
play an essential role in the various markets as they www.bnamericas.com
continue to pursue their various renewable and
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