In 2021, Guyana’s economy was ranked 156th in the world in gross domestic product (GDP). The country’s economy is dependent on the export of crude oil, gold, rice, shipping containers, and packaged medicaments,
In 2008, Guyana implemented the Low Carbon Development Strategy 2030, which was designed to provide solar plus battery storage facilities in rural areas without electricity.
In 2016, Guyana signed the Paris Climate Agreement, committing to reduce CO2 emissions up to 52 million tons by 2025.
In 2020, utilities used oil (86.2 %) and renewable energy (13.8 %) and to generate electricity in Guyana. Biomass and solar are the dominant types of renewable energy used to generate electricity in Guyana.
Recent renewable energy developments in Guyana include:
- 15 MW Solar + 22 MWh Energy Storage – In June 2022, the government of Guyana announced plans to build a solar plus energy storage project at a site approximately 50 miles south of the nation’s capital, Georgetown.
- 10 MW Solar Project – In June 2022, the government of Guyana announced plans to build a solar project at a site in the western region of the country.
- 8 MW Solar + 12 MWh Energy Storage – In June 2022, the government of Guyana announced plans to build a solar plus energy storage project at a site in the southern region of the country.
- 5 MW Solar Project – In May 2022, Trinidadian company Farfan & Mendes commissioned a solar project at a site approximately 40 miles southwest of Georgetown.
In 2015, ExxonMobil made the first major oil discovery in Guyana. In 2022, Guyana produces approximately 340,000 barrels of oil per day.
Crude oil production is now a major component in Guyana’s economy. Oil is also used to fuel power plants that generate 86.2% of the nation’s electricity.
Guyana has significant undeveloped renewable energy resources, including solar, hydropower, biomass, and wind. Installation of solar projects allows Guyana to provide electricity to remote regions of the county and to reduce the consumption of oil to fuel domestic power plants.
Solar is surging in Guyana!
Website – “Our Energy Conundrum”
Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio and television stations from New York City to Los Angeles on numerous energy related topics.
 The World Bank Group, Access to Electricity (% of Population – Guyana
 Gross Domestic Product By Country 2021 – Worldometer
 The Observatory of Economic Complexity (OEC) – Guyana
 Carbon Brief – “2015: Tracking Country Climate Pledges”
 Our World In Data, Guyana: Energy Country Profile by Hanna Ritchie and Max Roser