The future of residential rooftop solar in the Cayman Islands is under threat amid claims that regulatory missteps are causing job losses and harming the islands’ chances of meeting the goals of its National Energy Policy.
Cayman Renewable Energy Association president James Whittaker said the decisions of OfReg had done “more harm than COVID-19” to the industry.
Related: Regulator defends solar decision
The utilities regulator recently slashed the rate paid to homeowners for solar energy in a move that went against the vote of its own independent price-setting committee.
Greentech, Cayman’s biggest installer of rooftop solar panels, has laid off almost half of its staff in the past year, cutting 11 jobs.
https://www.caymancompass.com/2021/03/30/residential-solar-industry-in-turmoil/