The Jamaica Promotions Corporation (Jampro) joined clean energy conference planner New Energy Events to host a webinar for companies interested in investing in the energy sector last Thursday, July 30, 2020.
Over 300 participants listened as Minister of Science, Energy, and Technology (MSET) Fayval Williams; JAMPRO President Diane Edwards; and Jamaica Public Service CEO Michel Gantois weighed in on opportunities to invest in renewable energy sources that can generate up to half of the island’s energy needs.
With the theme ‘Jamaica: Scaling up Investment in Clean Energy’, the webinar highlighted Jamaica’s Integrated Resource Plan (IRP), which is a 20-year plan that describes the annual generation capacity requirement for the period 2018 – 2037.
By 2037 the country is aiming to achieve an overall energy mix of 1,260 megawatts (MW) of wind and solar; 330 MW of liquefied natural gas and 74 MW of hydro/biomass/WTE.
According to Jampro President Diane Edwards, diversifying Jamaica’s energy sources is a critical part of boosting the Caribbean country’s economic growth as it also decreases the cost of energy. She noted further that Jampro is currently collaborating with MSET to promote the IRP and to execute the energy development strategy for the country.
The webinar officially kicks off Jampro’s energy promotion activities for the second half of the year, with the agency courting investors to join other renewable energy projects like Wigton Windfarm and Eight Rivers Energy Company’s Paradise Park Solar Farm.