How we helped
Castalia led a team that helped Bermuda to reform its electricity sector. We drafted a new National Electricity Sector Policy (approved by Cabinet in June 2015) that set a transparent planning and procurement process for new generation investments; defined a framework for distributed renewable generation; and encouraged energy efficiency with a mix of utility and private sector investments. We assisted with drafting the new Electricity Act (approved by Parliament in 2016); developed licenses for generation, transmission and distribution; and prepared tariff setting rules. We also rationalized the fiscal regime for fossil fuels to reflect the government’s policy to reduce emissions. We drafted a fuels policy (approved July 2017) and action plan; prepared drafting instructions for a Fuels Bill; and completed the licensing framework for fuels-related activities. We then helped Bermuda procure its first ever large-scale renewable energy project, a 6MW privately-financed solar PV plant up to commercial and financial close, and completion of construction for commissioning.