The Government plans to abandon its target for the island to produce 85 per cent of its energy from renewable sources by 2035 and instead expects to produce 93 per cent from fossil fuels in 2030.

The about-turn was announced in a consultation paper produced for the renewal of its national energy policy which suggests the Government’s guiding principle will be cost, reliability and equal access.

Bermuda’s renewed National Electricity Sector Policy said the new targets were more realistic than the 2035 targets set out in the 2019 Integrated Resource Plan following publication of the 2015 energy policy.

The Ministry of Home Affairs described the new policy as “one of the most consequential undertakings now shaping Bermuda’s future”.

It sets out a plan to increase the country’s renewable targets from 7 per cent in 2030 to 35 per cent by 2040 and to 50 per cent by 2050.

The policy remains “technology-agnostic”, seeking all energy generation options on the basis of “affordability, reliability and equity” through a framework to be in place until 2045.

Read more here: https://www.royalgazette.com/general/news/article/20260417/renewable-targets-slashed-in-national-energy-policy-proposal/