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British Virgin Islands

Critical minerals, policy, and the energy transition

The Energy Transition in the British Virgin Islands

The British Virgin Islands (BVI) are pursuing an energy transition shaped by the need to reduce fossil fuel dependency, enhance energy security, and improve climate resilience. The territory’s energy mix remains dominated by imported diesel, but government policies, including the British Virgin Islands National Energy Transition Policy (2016–2025), outline targets for renewable energy integration, energy efficiency, and grid modernisation. Solar PV is at the centre of renewable initiatives, with small-scale installations across Tortola and Virgin Gorda, alongside plans for utility-scale solar development and battery storage. The British Virgin Islands Electricity Corporation (BVIEC) has taken steps to improve grid stability and enable renewable connections, supported by technical assistance from regional organisations such as CARICOM and the Organisation of Eastern Caribbean States (OECS). There is no domestic production of critical minerals, with full reliance on imports for key materials like lithium, cobalt, nickel, and rare earth elements essential for renewable technologies. Core challenges include hurricane exposure, limited land availability for large-scale projects, and financing gaps. However, opportunities exist in distributed renewables, climate finance access, and leveraging UK support through overseas territory frameworks. The BVI’s commitment to energy diversification, backed by clear policy direction and regional cooperation, provides a pathway toward greater sustainability, resilience, and energy independence.

British Virgin Islands' international economic, trade, and security alliances

Critical Minerals, Energy, Policy and Legislation

SFA (Oxford) leads the way offering authoritative analysis of national policies to critical minerals management.

Central America and the Caribbean

Central America and the Caribbean's geothermal and bauxite resources are central to regional energy strategies. The economic emphasis is leveraging geothermal potential for sustainable energy and exploiting bauxite within environmentally sensitive frameworks.

Rare Earths Elements

Critical components powering the global economy, from high-tech consumer electronics to essential renewable energy technologies.

Minor Metals and Minerals

Minor metals play a pivotal role in advancing the energy transition by enabling significant improvements in energy efficiency and the performance of clean energy technologies.

Meet the Critical Minerals team

Trusted advice from a dedicated team of experts.

Henk de Hoop

Chief Executive Officer

Beresford Clarke

Managing Director: Technical & Research

Jamie Underwood

Principal Consultant

Ismet Soyocak

ESG & Critical Minerals Lead

Rj Coetzee

Senior Market Analyst: Battery Materials and Technologies

How can we help you?

SFA (Oxford) provides bespoke, independent intelligence on the strategic metal markets, specifically tailored to your needs. To find out more about what we can offer you, please contact us.

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