Jamaica - Page 11 of 19 - New Energy Events

Finance sealed for a 51 MW solar park in Jamaica
June 21, 2018
The new solar park, Paradise Park, has sealed a 64 million dollars investment. The project which is majority owned by the French independent, Neoen, while the shareholders are MPC Caribbean Clean Energy Fund and Rekaminar Frontier Ventures. Neoen’s project was the one chosen out of more than 20 bids in an auction launched by the […]
Jamaica’s renewables push brings economic stability
June 18, 2018
The Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, has argued that the decision to move towards a diversified energy economy has made Jamaica less susceptible to the volatility of oil prices in the global market. The minster stated that new LNG, wind and solar projects will provide a total of 410 megawatts […]
Jamaica’s 37 MW solar project secures financing, commissioning date set for 2019
May 31, 2018
Eight Rivers Energy Company has secured $50 million in financing this month for what will be Jamaica’s largest solar plant. The loans were secured through foreign institutions, following an invitation to local banks to participate. Local institutions were unable to comply with the necessary terms, according to EREC partner Angella Rainford. “We invited select local […]
$2.1m investments in energy efficiency will see $41m annual savings for Jamaica
May 23, 2018
A joint investment between the Petroleum Corporation of Jamaica (PCJ) and the Global Environment Facility (GEF) Trust Fund will drive energy-efficient and renewable energy developments in six local healthcare facilities, totalling US$2.1 million. The hospitals and rehabilitation centre will install solar water heaters and energy efficiency technology to reduce energy demand by over 1.3 million […]
Jamaica wants hydropower, could build up to 30 MW
May 2, 2018
Hydropower is getting some attention from Jamaica, who recently identified 11 potential sites for development which could contribute around 30 MW to the renewable energy portfolio. In developing it’s roadmap for the next years, also known as the Integrated Resource Plan (IRP), Jamaica set aside a special component dedicated to hydropower as an alternate source […]
Jamaican wind farm IPO set to boost local economy
April 26, 2018
The Wigton Windfarm – which made a net profit of $186 million as of March 2017 – is going public, with the help of broker Mayberry Investments Limited. The aim of the IPO is to encourage Jamaicans to become involved in the energy sector, says DBJ’s Managing Director Milverton Reynolds. “We want to widen the base of […]
Jamaican factory economizes with solar PV and efficiency
April 6, 2018
Jamaican seafood trader Rainforest is doubling solar energy capacity at its plant in Montego Bay, from 0.5 megawatt to one megawatt, at a cost of $75 million. Following this project, solar PV panels will cover all of Rainforest’s primary operating and administrative buildings. The first project cost approximately $1.65/watt, but is now less than $1.00. […]
JPS breaks ground for 24.5 MW flywheel/battery hybrid facility
February 28, 2018
In April 2019, Jamaica will complete the first-of-its-kind hybrid storage facility in the Caribbean. One of the largest facilities being installed in the world this year, this hybrid facility will be comprised of flywheels and lithium-ion batteries. The project will be built at a cost of $21.6m USD. JPS president and CEO Emanuel DaRosa noted: “This […]
Jamaica investing in energy efficiency
February 23, 2018
The Government of Jamaica has allocated $765 million to implement new energy efficiency measures. The Ministry of Science, Energy, and Technology will lead the design and implementation of energy cost-saving measures in the public sector. Planned changes include developing national guidelines for the disposal of hazardous waste, implementing an EE and EC baseline awareness survey, […]