Jamaica

MPC Capital Raises $100 Million USD to build green energy plants in Colombia, Jamaica, El Salvador

February 1, 2021

MPC Capital AG  has launched a new entity named “MPC Energy Solutions” after raising $100 million. The entity has listed 5 projects under development in Colombia, El Salvador and Jamaica anticipating construction will start in the second half of this year and begin energy production at the end of 2022.   Source

New IDB report on gender-smart climate finance and infrastructure in the Caribbean

February 1, 2021

A new report by the IDB  aims to provide an overview of the gender and climate resilience nexus in the Caribbean and provide gender-inclusive recommendations for climate resilience programs in the region.   Source

National electricity loss reduction plan consultancy in Jamaica

December 21, 2020

The Inter-American Development Bank has published a call for proposal for a project in Jamaica to support the recovery of the energy sector from the COVID-19 pandemic.   Source

Jamaica plans to procure 268 megawatts of energy from renewables by 2025

November 11, 2020

Jamaican Minister of Science, Energy and Technology, Hon. Daryl Vaz, says that plans are being put in place to procure up to 268 megawatts of electricity generation from renewable sources by 2025.   Source

Jamaica to develop electricity loss reduction roadmap

September 10, 2020

IDB approved technical cooperation funds to help Jamaica’s energy ministry develop a national electricity loss reduction plan. A roadmap will be drafted to determine the role of stakeholders, primarily power utility JPS, and required investment and technologies, and address regulatory, legal and institutional issues, among other areas. Source

Jamaica’s big electricity users one step closer to wheeling, OUR to determine rates

August 20, 2020

Jamaica’s largest consumers of electricity are a step closer to being allowed to supply their satellite operations with energy from their own power stations – a process called wheeling – now that the Office of Utilities Regulation, OUR, has made a determination on the methodology it will use to set the rates the organisations will […]

Jamaica anticipates 500 MW energy tender early 2021

August 7, 2020

Starting early 2021, Jamaica plans to develop over 500 megawatts of new generation. “It is envisioned that competition will bring the price of electricity down, while bringing the best technologies into the energy sector,” said Minister of Science, Energy & Technology Fayval Williams in a webinar discussion on ‘Renewable Energy Infrastructure Investment Opportunities’ on Thursday. […]

Jamaica: Scaling Up Investment in Clean Energy?

From our Editorial Team

August 5, 2020

Jamaica has committed to generating half of its energy from renewables by 2037 with an overall target of 1664MW. The Ministry of Science, Energy and Technology (MSET) recently announced the completion of the long-awaited Integrated Resource Plan (IRP) and indicated that the country is ready to move on investment plans of 320 MW of wind […]