Basseterre, St. Kitts (PMO) – In a significant move toward energy independence, the Government of St. Kitts and Nevis has secured full financing to launch the nation’s first geothermal energy project. This landmark achievement brings the Federation closer to its goal of becoming a Sustainable Island State, reducing reliance on fossil fuels, and lowering energy costs for citizens.
Prime Minister Hon. Dr. Terrance Drew made the historic announcement during his Round Table discussion on February 6th, revealing that drilling for the first five wells will commence soon—ushering in a new era of renewable energy for the twin-island Federation. “We have now secured the necessary financing to initiate the geothermal project,” said Prime Minister Drew. “This is a transformative moment for our people. Geothermal energy will provide reliable, low-cost electricity, boost economic growth, and position St. Kitts and Nevis as a leader in clean energy in the region.”
Dr. Drew emphasized that this initiative will benefit both St. Kitts and Nevis, reaffirming his administration’s commitment to national unity in economic development. In a recent high-level meeting with Premier Hon. Mark Brantley, both leaders agreed on a collaborative approach to ensure equitable benefits from the resource.
The geothermal energy project aligns with the government’s ongoing effort to promote renewable energy, including its 50-megawatt solar farm initiative. With energy costs expected to decrease significantly, St. Kitts and Nevis is poised to attract new industries, stimulate job creation, and enhance national resilience to global energy shocks.
“This is a major milestone in our journey toward true energy independence,” Dr. Drew added. “The people of St. Kitts and Nevis can look forward to a future where energy is affordable, sustainable, and locally sourced.”
The government is expected to provide further details on project timelines and expansion plans in the coming weeks.