Frequently Asked Questions

FAQ

1.What sources will be used to produce energy in the Suriname Green Energy Park?

The Suriname Green Energy Park will be a combination of renewable energy sources. We will install wind turbines, solar panels and built a factory for hydrogen electrolysis to produce green hydrogen.

2.Many people are curious about the technology behind the energy, could you explain in a simple way how energy will be created?

Hybrid Power System Group has developed a technical sustainable solution, which uses the advantages of the storage capacity of hydrogen as an alternative to traditional batteries. The use of hydrogen ensures a steady and stable power supply to the national grid at all times.

When nature supplies more energy, Suriname Green Energy Park produces additional hydrogen - and if there is a deficiency in wind and solar production, the stored hydrogen will power green hydrogen power generators in order to ensure a continuous energy supply. In this way Suriname Green Energy Park produces a constant and stable electricity delivery to the national grid. The surplus hydrogen produced can be used amongst others as fuel for hydrogen vehicles or for export.

The strategic location of the Suriname Green Energy Park at the Commewijne river bank is essential for the hydrogen production as well as for the global export logistics.

3.Which equipment manufacturers will be used for the park?

All parts used in the HPSG solution are ordered directly from leading global producers, such as ABB, Deif and Deutz. All parts will be engineered, assembled, tested, and operated by qualified and trained experts and the power generation operations are fully covered by international insurance companies.

4.What is the relationship with the Paris Climate Agreement?

The transition to renewable and green energy is an important issue globally. In the Paris Climate Agreement, most countries have committed to decrease the use of fossil fuels for power production because of the adverse effects relating to CO2 emission. The lack of wind and sun hours have been major concerns for standalone renewable energy systems, especially in developing countries and their vulnerable national grid. The peaks and lows traditionally associated with renewable and green energy are hard to handle for the grid and often results in unstable power supplies and power outings for the users.

5.Why has Suriname been chosen as location to set up this initiative?

We have over the years studied (and are still studying) several geographical locations in South America and the fact is that Suriname has an impeccable potential for renewable energy production with ample wind, solar and water access. In the National Green Energy Park, we will deliver 100MW  stable and continuous supply of energy to the Government of Suriname.

6.What are the risks for Suriname?

Hybrid Power System Group offers Suriname a turnkey solution which HPSG will fully finance and insure. In the framework of our Agreement with the Government of Suriname, the Government of Suriname, EBS or other governmental entities will bear no financial or operational risk at all.

7.Why is hydrogen the new future?

There is enough water on our planet. However, to produce hydrogen for energy consumption is an extensive process that thus far has been produced with fossil fuels (so called grey hydrogen). Globally, the interest in hydrogen has increased considerably recently with the option to create the green hydrogen by electrolysis, without fossil fuels and without any waste products. The global interest for green hydrogen is enormous at present and many countries in the world are implementing hydrogen production as part of their energy supply chain.

8.How will you get the water for the hydrogen production?

The water will be drawn from the Commewijne river. We will use a globally implemented water cleaning system to cover an extensive range of biological activities with various types of microbes, roots, water, soil, and sun in a natural process without any chemicals, pumps, or external energy. Based on the specifications of the Commewijne water, National Green Energy Park will implement a tailormade solution without any environmental impact. We foster a zero harm philosophy in our company.

National Green Energy Park uses the World Health Organization’s international norms and guidelines on water quality and human health with the Guidelines for drinking-water quality (GDWQ) promoted for the protection of public health for the control of the treatment and supply of water.

9.What about the environmental impact?

In a collaboration with the team of experts from NIMOS, ADEKUS and the Government of Suriname, National Green Energy Park will conduct a study on the environmental and social impacts and ensure that the combination of proven technologies have limited to no negative social and environmental impacts. Over decades, the proven renewable technologies have been extensively studied on environmental and social impact throughout the world. Hydrogen is also a proven technology generated by electrolysis without waste products. The use of water resources from the Commewijne river will have limited to no effect on water biodiversity within the chosen water treatment. The planned comprehensive study will be carried out during the planning, construction, and initial operational phases to generate a complete set of data for future projects and enable the relevant mitigation measures related to any potential impacts for a prompt implementation.

10.The press release mentioned the development of a Science Center at the Park?

In Suriname and globally, companies give importance to corporate social responsibility and Suriname Green Energy Park offers in this context a close partnership with the Anton de Kom University to encourage students to do a PhD on this subject and further additional educational purposes. Such collaboration supports further implementation of the Suriname Environmental Framework Act (Milieu Raamwet) and contributes to new insights into the Environmental and Social Strategies for Suriname to attract future international investments.

11.There are also concerns about the safety of hydrogen?

We follow the European Industrial Gases Association (EIGA) guidelines for safety for production, transport, and storage of hydrogen. The EIGA, is a safety and technically oriented organization representing the vast majority of international companies producing and distributing industrial, medical and food gases. The member companies closely co-operate in safety and technical matters to achieve the global best practice levels of safety and environmental care in the handling of gases. EIGA also initiates the development of appropriate standards and provides standardization bodies with technological expertise. For the domestic Suriname environment, staff, insurance and financing purposes, the plant will be built according to the EIGA Standards.

12.When will you start building the Energy Park?

At this time, we are in the final stages of negotiation with our financial partners with which we have established relationships over the past years. These partners include amongst others investment banks which specialize in investing in emerging markets. We emphasize that our financial partners are established relations who are well aware of all applicable details concerning our unique technology. At the same time, we are planning the construction phase in detail. We will communicate the timing as soon as possible but expect to operate the National Green Energy Park in 2023.

13.People in Suriname are critical about your past experience.

Hybrid Power System Group has developed an innovative hybrid energy solution over 6 years with globally leading technological partners, such as ABB, Deif and Deutz. National Green Energy Park has senior engineering teams from leading global wind and solar manufacturers heading the planning, installation, and operations, while DLA Piper Law (one of the biggest legal firms in the world) leads the financial transactions in good governance and leading global insurance companies offering full coverage of the operations.

14.How will it be financed?

Hybrid Power System Group is now entering the detailed preparation phase with the final projections and planning of the National Green Energy Park. This includes the structuring of the long-term sustainable finance solution of the investment, which involves the combination of a series of advanced financial instruments from globally leading lending institutions specialized in such larger infrastructural installations in emerging markets.

15.Further questions

Should you have any further questions, we are happy to answer these. Please do not hesitate to contact us at Info@nationalgreenenergypark.com