Cost Comparison: Solar Power vs. Gas-to-Energy in Guyana

The AGM solar farm is purchasing 49.4 MW of solar power for US$100 million, equating to just over US$2 per watt. In contrast, the proposed Gas-to-Energy project is estimated to cost US$2.1 billion to US$3 billion for 300 MW, resulting in a cost range of US$7-10 per watt, excluding additional operational costs.

Historically, solar power systems have seen prices drop to US$1.8 per watt with battery integration, demonstrating a clear economic advantage. This disparity raises concerns about the government's focus on fossil fuel imports amidst a global energy transition. The financial implications suggest that a shift towards renewable energy could mitigate energy costs and enhance sustainability.