Following the launch of a major new wind farm on the island, the Jamaican government announced that it was finalizing an agreement with Eight Rivers Energy Company to build and operate a 33.1-megawatt solar facility at Paradise Park in Westmoreland. The project is spearheaded by the Office of Utilities Regulation (OUR).
Rekamniar Frontier Ventures joined forces with French group Neoen to form the Eight Rivers Energy Company to mount the bid. Eight Rivers emerged as the preferred bid from 19 project proposals received by the OUR.
The plant represents an investment of USD$50 million, with construction slated to start in 2017 with supply to the grid slated to begin in 2018.
“This will be the lowest cost ever for solar power in Jamaica. It will also advance the Government’s major policy objective, namely, the diversification of Jamaica’s energy supply mix to reduce cost and dependence on imported oil,” said Jamaica Energy Minister Dr Andrew Wheatley.
Jamaica is also returning to the market with a new request for proposal for 100 megawatts of renewable energy.
Minister Dr Andrew Wheatley announced, “it is our intention to grow the Jamaican economy in a sustainable, endogenous and inclusive manner. This is the notion of prosperity for all. The Ministry of Science, Energy and Technology is playing a leading role in this regard. One only has to look at our net billing arrangement which has significantly boosted the capacity of individuals to earn from their renewable energy efforts”.
Source: Caribbean Journal