Energy
“JAMPRO was an asset in getting our company started and also by providing connections with the necessary regulatory, government and private sector organizations.” - Blue Mountain Renewable
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Key Indicators
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Industry Size
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Energy Consumption
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Electrical Capacity
Overview
Jamaica is receiving international attention for its liberalised energy industry. It is therefore no surprise that we continue to attract investors and have grown from a handful of entities to over 10 public and private energy producers.
Currently, our power sources range from petroleum products to alternative energy sources including hydropower, wind, solar and bagasse. However, our government is committed to further diversifying the sector into a mix of energy sources and by 2030, renewable energy will account for at least 30% of that mix.
Through our industry regulatory body, the Office of Utilities Regulation (OUR), Jamaica remains committed to developing a sustainable energy framework that ensures a transparent and equitable representation for all our stakeholders.
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We Keep Growing
Growing New Projects
Three new projects were successfully commissioned to develop 80MW of generating capacity from renewable power (2016).
Growing Renewable Energy
We are securing an additional 100MW of renewable energy, 45MW of waste to energy and 30MW of hydro power (2017).
Growing Energy Policy
We are unearthing numerous investment opportunities in petroleum coke (petcoke), coal, natural gas and renewables.
Growing New Projects
Three new projects were successfully commissioned to develop 80MW of generating capacity from renewable power (2016).
Growing Renewable Energy
We are securing an additional 100MW of renewable energy, 45MW of waste to energy and 30MW of hydro power (2017).
Growing Energy Policy
We are unearthing numerous investment opportunities in petroleum coke (petcoke), coal, natural gas and renewables.
We’re in Demand!
Energy Policy and Diversification
Jamaica’s energy policy and diversification, is ranked no. 1 in the English-speaking Caribbean and 92nd globally (Global Energy Architecture Performance Index, 2017).
Renewable Energy
In less than a decade the renewable energy supply has grown to over 13% (2020)
Energy Projection
By 2030, Jamaica’s renewable energy is expected to increase to 30%.
Natural Gas
Jamaica’s unique energy framework allows investors to source their own fuels for projects which has helped industries such as sugar and mining.
Energy Policy and Diversification
Jamaica’s energy policy and diversification, is ranked no. 1 in the English-speaking Caribbean and 92nd globally (Global Energy Architecture Performance Index, 2017).
Renewable Energy
In less than a decade the renewable energy supply has grown to over 13% (2020)
Energy Projection
By 2030, Jamaica’s renewable energy is expected to increase to 30%.
Natural Gas
Jamaica’s unique energy framework allows investors to source their own fuels for projects which has helped industries such as sugar and mining.
Investment Opportunities
Products
Supply energy at lower costs to the Jamaican consumer and heavy industries in a growing economy.
Explore commercial finds of oil and gas by drilling in exploration wells. There is evidence of the presence of hydrocarbons.
Distribute LNG, processing end of life motor oil, waste to biodiesel and oil crops (e.g. castor oil) and produce ethanol.
Private sector companies can explore joint ventures and financing to generate energy for their consumption.
Important Note: All energy related projects are undertaken strictly through a bidding process coordinated by the Jamaican Government. All tenders are processed through the Generation Procurement Entity (GPE), an entity under the Ministry of Science, Energy & Technology (MSET).