Published: Tuesday | January 27, 2015
The White House yesterday announced that the US Overseas Private Investment Corporation (OPIC) would intensify its focus on developing green-energy projects in the Caribbean and thatJamaica is to be the largest benefactor.
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| Philip Paulwell |
The US Department of the Interior and the Department of State are working with Jamaica to facilitate commercial renewable energy on public lands.
OPIC, the White House said, will disburse the first tranche of approximately US$43 million in financing for Blue Mountain Renewables' 34-megawatt wind project.
As part of its push to fostering a cleaner and more sustainable energy future in the Caribbean, the Department of State has identified a team with specific responsibility for identifying and arranging financing for Caribbean projects.
When construction begins in June, the Blue Mountain Renewables project will be a tangible example of public and private sectors in both countries working in harmony - and nearly US$90 million of investment in Jamaica's economy, which also will ease Jamaica's dependence on fossil fuels, the White House said.
Three bidders have been selected by the Office of Utilities Regulation (OUR) to provide a total of 78MW renewable capacity to the national grid.
Blue Mountain Renewables LLC is to supply 34MW of capacity from wind power at Munro, St Elizabeth; Wigton Windfarm Limited is to supply 24MW of capacity from wind power at Rose Hill, Manchester; and WRB Enterprises Inc to supply 20MW of capacity from solar PV from facilities in Content Village, Clarendon. more
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