Jamaica - Page 4 of 19 - New Energy Events

Secondary schools in Jamaica set to reduce electricity costs by 40-70 percent through new pilot project
April 14, 2022
Thirty secondary schools in Jamaica will reduce electricity costs by 40-70 percent by increasing energy efficiency and the use of renewable energy sources through the “Schools Energy Efficiency and Solar Pilot Project” implemented by the Ministry of Education and Youth, the National Education Trust (NET) and Canada-based renewable energy company, Roswall Development Inc. Source: JIS
Flash Motors Company Ltd. becomes the first dedicated electric vehicle company in Jamaica
March 29, 2022
Xavier Gordon, a mechanical engineer, and Carey Escoffery, a finance professional, launched Jamaica’s first dedicated Electric Vehicle company, Flash Motors Company Ltd. The company will supply a full suite of EVs, EV service equipment, and charging network solutions across the Caribbean. Source: Cayman Loop News
Jamaica receives proposals for pumped hydroelectric storage project
March 29, 2022
Jamaica received local and international proposals to implement a pumped hydroelectric storage project. Reportedly, the power generation could be up to 200MWh annually and could increase Jamaica’s proportion of renewable electricity generation to 50% from 13% today. Source: Energy Storage News
Wigton Windfarm Limited acquires 21% stake in Flash Motors Company Limited
March 17, 2022
Wigton Windfarm Limited, the energy facility in Jamaica, acquired a 21% stake in Flash, a holding company registered in St. Lucia. The deal also grants them an equivalent share in Flash’s wholly-owned subsidiary Flash Motors Company Limited. Flash Motors plans to sell electric vehicles in Jamaica, Trinidad & Tobago, and Guyana. Source: Jamaica Gleaner
IDB Invest Allocates USD 24 Million to Soleco for Solar Photovoltaic Development
January 25, 2022
IDB Invest committed USD 24 million to Soleco Energy (Jamaica) Limited to develop solar photovoltaic plants in Jamaica. The financing will come from a Senior A Loan and other blended finance sources, like the Clean Technology Fund. Source: Soleco Energy
BMR Secures USD 88 Million Loan to Refinance Solar and Wind Project Debt
January 24, 2022
BMR Energy uses USD 88 million loan from CIBC FirstCaribbean International Bank and National Commercial Bank Jamaica Limited (NCB) to refinance the debt from its wind and solar photovoltaic independent power producers (IPP) in Jamaica, Grand Cayman, and Guatemala. Source: Jamaica Observer
Evergo Jamaica to add 300 EV stations
November 18, 2021
Evergo Jamaica has earmarked US$1 million for the second phase of its installation of electric vehicle (EV) charging stations across the island. Source
IDB and Jamaica launch plan to electrify vehicles
October 14, 2021
The Inter-American Development Bank and the Jamaican government will partner to accelerate the use of electric vehicles through an ambitious initiative that includes funding an electric mobility ecosystem and technical assistance and training for battery electric technologies (BEVs). Source
Global energy firm plans big solar plant in Jamaica
September 24, 2021
Europe-based global clean energy firm MPC Energy Solutions, which is listed on the Oslo Stock Exchange in Norway, is reporting that it has leased several acres of land in Jamaica as part of a major project to develop a 72.5-megawatt, MW, solar power plant here. MPC Energy focuses on sustainable energy infrastructure and runs green […]