Prime Minister Andrew Holness believes that Jamaica can potentially host more renewable-energy sources to add up to 50 per cent of electricity to the national grid by 2030, which would also give the country more options for cleaner energy.
Neoen, one of the world’s leading renewable energy independent power producers and the majority shareholder in Paradise Park, a 51.5 MWp PV farm based in Westmoreland, Jamaica, together with the solar park’s co-shareholders, Rekamniar Frontier Ventures and MPC Caribbean Clean Energy Fund, is today announcing the energization and commencement of its operations at the plant. The construction and maintenance of the project was awarded to Eiffage Energía.
Neoen, together with Rekamniar, won in a tender launched by the Jamaican Office of Utilities Regulation (OUR). Paradise Park now delivers to Jamaica’s national utility, the Jamaica Public Service Company Limited, the cheapest electrical energy ever produced in Jamaica - with a base tariff of USD 85/MWh - through a 20-year power purchase agreement.
Xavier Barbaro, CEO of Neoen, stated: “The start of operations of the Paradise Park solar farm is an important achievement for Neoen and combines significant economic impact by producing the cheapest electricity on the island with a strong social impact through the creation of more than 300 direct jobs during the construction period and the training of students of surrounding communities in partnership with the Clinton Foundation. The development and construction of Paradise Park illustrates Neoen’s unique capabilities to bring together, in partnership with Jamaican local and international stakeholders, first class lenders such as Proparco and FMO, donors such as USAID and leading construction and equipment manufacturers. We are proud to have delivered this flagship project and look forward to capitalizing on this successful experience.”
Angella Rainford, Managing Director of Rekamniar Frontier Ventures, said: “The Paradise Park project exemplifies the possibility for Jamaica and other emerging market countries to achieve cost savings while enhancing sustainability and resilience in their economies through the adoption of renewables. At Rekamniar, we are proud to have been a part of this significant achievement by the Jamaican people. We continue to develop such projects across the region and, via our sister company, Soleco Energy, are implementing a complementary distributed generation strategy for the Caribbean.”
Eight Rivers Energy Company, the entity set to operate the Paradise Park Solar Farm in Westmoreland, says the project is half-complete and due for commissioning by the second quarter of this year.
PARADISE PARK, Westmoreland — Minister of Science, Energy and Technology Andrew Wheatley says the Eight Rivers Energy Company's US$60-million 37-megawatt solar-powered plant, for which ground was broken yesterday, will push Jamaica's energy diversification efforts.
While Jamaica continues to lead the rest of the world in energy diversification, Minister of Science, Energy and Technology Dr Andrew Wheatley says that his Government does not intend to become complacent but will intensify its efforts to reduce the cost of energy
Ground is to be broken tomorrow at Paradise Park, Westmoreland, for what is being described as the largest solar-powered plant in the Caribbean.
Honoured to have participated in this year's Caribbean Renewable Energy Forum hosted by the team at New Energy Events.
Eight Rivers Energy Company expects to start construction of the largest solar energy plant in Jamaica by December, according to local newspaper »The Gleaner«. The solar plant with a capacity of 37 MW is located at Paradise Park, Westmoreland. It would become nearly twice the size of the largest solar plant in Jamaica, says the article.
Angella Rainford, partner in Eight Rivers Energy Company, expects to start construction of the largest solar energy plant in Jamaica by December.
Concurrently, Rainford expressed a "keen" interest in participating in additional energy projects. She explained that the energy storage remains a likely option. In such a case, the company's solar plant would sell excess energy generated during the day for sale at night to the national energy grid.
Around the world, the Clinton Foundation works to promote clean energy projects in island nations.
These projects - power plants that harness the sun, wind, and heat from beneath the earth's surface to generate renewable energy - can be a significant boon to the communities where they exist, with cleaner air, lower cost to produce electricity, and more jobs in an emerging sector.
CREF 2017, the largest annual gathering of the Caribbean energy market, will take place at the JW Marriott Marquis, Miami, from October 18th-20th. 500 attendees from 50 countries attended CREF 2016. Over 20 Caribbean countries were represented. Rekamniar has been invited to showcase the Eight Rivers project at this year's conference.
JPS has now signed a Power Purchase Agreement, with Eight Rivers Energy Company, which will be constructing a 37MW Solar Power Plant in Paradise Park Westmoreland later this year. Under the agreement, JPS will be purchasing electricity from the new solar facility for twenty years, to the year 2038.