The Jamaican Office of Utilities Regulation (OUR) has announced the winner of its most recent renewable energy procurement project. The preferred selected bidder, Eight Rivers Energy Company (EREC), is to construct, own and operate a 33.1MW solar PV plant at Paradise Park in Westmoreland, at a proposed lowest electricity price of 8.54 US cents/kWh.
According to OUR, the bid is significantly cheaper than tariffs proposed for the projects which were selected from a similar procurement framework for wind and solar back in 2012, after the Jamaica Energy Council demanded a call to action over the cost of importing electricity.