The signing took place on Tuesday, June 28, 2016, at the FortisTCI headquarters in Providenciales. Some of the work that the CWR will do by way of this MOU is: assess potential sites for the integration of a total of 1 Mega Watt (MW) solar PV projects across the Company’s service territory, assess the potential development of a micro grid on Salt Cay, assist with the Request for Proposal (RFP) process, and review the ten year FortisTCI Integrated Resource Plan (IRP) - which maps objectives to meet energy-mix diversification (including renewable energy); ensure that the country continues to have reliable, least-cost electricity; and to meet the energy demands of the county’s growing economy.
Sitting - Ruth Forbes, FortisTCI VP of Finance, HR, IT & CFO; Eddinton Powell, FortisTCI President & CEO; Chris Burgess, Operations Manager at Rocky Mountain Institute (RMI) and Carbon War Room (CWR); and Katya Whyte, Project Manager, RMI-CWR.
Standing - Rachell Roullet, FortisTCI Director of IRP; Don Forsyth, FortisTCI Director of Engineering & Planning; Nigel Hosein, FortisTCI VP of Energy Production & Project Management; Devon Cox, FortisTCI VP of Transmission & Distribution; Alexandria Missick, FortisTCI Director of Legal Services.
In November 2015, FortisTCI launched renewable energy programs called Customer Owned Renewable Energy (C.O.R.E.) and Utility Owned Renewable Energy (U.O.R.E) available to all customers on Providenciales and Grand Turk. The Company’s overall renewable energy program targets include the integration of 6MW or 10,500,000 MWh of solar production on the grid by 2018 and 7MW or 12,200,000 MWh of solar production on the grid by 2020.
FortisTCI President and CEO Eddinton Powell said, “We are pleased to partner with the Carbon War Room and Rocky Mountain Institute, and consider this a strategic approach that will help FortisTCI and the Turks and Caicos Islands not only lead the transition to a multi-sourced energy model, but will lead to the uptake of renewable energy in a way that is good for all customers in the Turks and Caicos Islands. A methodical, sensible approach to the integration of renewables is necessary and is the only way to ensure that our customers continue to receive the high-level service and reliability that FortisTCI is known to deliver. The Company is focused and working to ensure all customers benefit from a shift to what is a new energy paradigm.”
“We are delighted to partner with FortisTCI and to support them with their renewable energy transition." said Chris Burgess, Operations Manager at Rocky Mountain Institute and Carbon War Room.
Notes to Editors:
2) Fortis Inc. is a leader in the North American electric and gas utility business, with total assets of approximately $28 billion and fiscal 2015 revenue of $6.7 billion. The Corporation’s asset mix is approximately 96% regulated (70% electric, 26% gas), with the remaining 4% comprised of non-egulated energy infrastructure. The Corporation’s regulated utilities serve more than 3 million customers across Canada, the United States and the Caribbean. For more information, visit www.fortisinc.com or www.sedar.com
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