Bahamas Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in bahamas, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Energy Sector
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Overview

The Bahamas is implementing its “New Energy Era” reforms to modernize its power system, lower costs, and expand renewables. The goal is to generate 30 percent of electricity from renewable sources by 2030. Investments include solar integration, hybrid microgrids across Family Islands, and LNG as a transition fuel on New Providence. The government is steering a massive LNG conversion on New Providence, involving purchases of LNG turbines and construction of two new pipelines.  

The government is also retrofitting public buildings and transitioning its fleet to electric vehicles, supported by a $9 million EU grant and an $80 million IDB loan. In April 2025, The Bahamas announced a partnership with Laconic Infrastructure Partners and Carbon Management Ltd. to issue sovereign carbon securities based on its seagrass ecosystems, a first step toward monetizing blue carbon assets under the Paris Agreement. 

Leading Sub-sectors

Promising sub-sectors include utility-scale non-oil (particularly LNG) and renewable energy, renewable energy products and services (particularly solar), energy efficiency products and services, multi-fuel energy turbines, hybrid and electric vehicles, and smart meters.

Opportunities

RFPs for utility scale energy projects are published on the Government’s official website and/or the country’s electricity provider’s website.

Resources

  • Bahamas Power and Light
  • Utilities Regulation and Competition Authority
  • Bahamas Chamber of Commerce Energy and Environment Committee
  • Bahamas - Energy Sector 

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