Eight Rivers Near Ready to Roll On Solar Plant, Takes On New Partners

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.

Renewable Energy Boost - Clinton Foundation Confident That Jamaica Will Tap Into More Natural Resources For Power 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.

Jamaica gets first grant under US Clean Energy finance facility

The United States Agency for International Development (USAID) has awarded the first grant through the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA), to help develop a 37 megawatt solar farm in Westmoreland.

CEFF-CCA will provide support to Rekamniar Capital Limited, the project developer, to partner with independent power producer Neoen on forming the Eight Rivers Energy Company, which will build the solar facility, according to a release from the US embassy in Kingston.

MPC Capital to invest in Jamaican solar project through new platform

German asset and investment manager MPC Capital AG said today it is creating a renewables investment platform targeting assets in the Caribbean.

The Hamburg-based company said it will co-invest in a joint vehicle that will take a stake of just under 50% in the 50-MWp Paradise Park solar photovoltaic (PV) project in Jamaica. It added that the total investment volume amounts to about USD 50 million (EUR 47.9m).