Guyana Is Using Its Oil Revenues to Spark a Renewable Energy Boom

Since the discovery of vast oil reserves in Guyana around a decade ago, the South American country’s oil industry has grown significantly following investment from several international oil majors and the beginning of offshore production. As Guyana begins to see the revenue from its black gold, the government is reinvesting some of the money in renewables to diversify the energy mix and strengthen the country’s energy security. Guyana’s government aims to achieve 80 percent renewable energy in the electricity grid by 2040. In…