Guyana leapfrogs into solar energy future with Norwegian forest payments

Guyana has successfully kept its forest cover of 85% and with only 0,05% deforestation. Now, the country’s largest ever solar power projects will be financed thanks to the country’s low deforestation levels. Photo: NICFI.
Guyana has successfully kept its forest cover of 85% and with only 0,05% deforestation. Now, the country’s largest ever solar power projects will be financed thanks to the country’s low deforestation levels. Photo: NICFI.

The agreement signed today, June 22 on World Rainforest Day, between Guyana, Norway and the Inter-American Development Bank is a major step for Guyana’s green energy transition.

Guyana will use funds received for its low deforestation rates to finance eight large-scale solar energy projects. In total, the projects will provide 27,000 households with cheap, clean energy – benefiting approximately 70,000 people.

For years, the South American country has been one of the world’s leading countries on rainforest protection. While tropical deforestation rates remain high in some countries, Guyana – whose forest is about the size of England and Scotland combined – has successfully kept its forest cover of 85% and with only 0,05% deforestation.

– I am impressed by Guyana’s continued leadership to protect the country’s vital rainforests, and welcome their decision to use some of the of payments for maintaining a low deforestation to scale up solar energy generation, says Espen Barth Eide, Norway’s Minister of Climate and the Environment.

A total of eight photovoltaic solar projects will be distributed across three areas in Guyana, benefitting xx people. Photo: Department of Public Information, Government of Guyana.
A total of eight photovoltaic solar projects will be distributed across three areas in Guyana, benefitting around 70.000 people. Photo: Department of Public Information, Government of Guyana.

Since 2009, Guyana has received a total of NOK 1.5 billion (about USD220 million) as results-based payments from Norway. These funds have been invested in the country’s low carbon development, financing renewable energy, flood protection, green job creation, as well as land titling and development funds for indigenous peoples.

-In 2009, Guyana launched one of the world’s first low carbon development strategies. We set out to show that it is possible to maintain forests while also creating prosperity and opportunities for our people to thrive. Norway has been a steadfast partner in our work to find international solutions that support this objective. The world needs far more collaborations like ours – so I hope that today’s announcement will motivate others to recognize that progress is possible, says Prime Minister of Guyana, Honourable Mark Phillips, MP.

About the projects

The Guyana Utility Scale Solar Photovoltaic Program (GUYSOL) will invest in eight utility-scale, photovoltaic solar projects totaling 33MWp with associated 34MWh energy storage systems distributed across three areas in Guyana. The program is financed by Guyana’s payments from Norway’s International Climate and Forest Initiative and implemented by IDB and Guyana.