The Jamaica Promotions Corporation (JAMPRO) and clean energy conference planner, New Energy Events, hosted a webinar on July 30, 2020 targeting companies that are interested in investing in the energy sector.
The event had over 300 participants, who listened to Honourable Fayval Williams, Minister of Science, Energy, and Technology (MSET), JAMPRO President Diane Edwards, and JPS CEO Michel Gantois, explore investment opportunities as the island aims to generate half of its energy through renewable sources.
The webinar, titled “Jamaica: Scaling up investment in Clean Energy”, revealed information about Jamaica’s Integrated Resource Plan (IRP), which is Jamaica’s 20-year plan that describes the annual generation capacity requirement for the period 2018 – 2037.
The overall energy target to be achieved by the year 2037 is 1260MW of wind & solar; 330MW of LNG and 74MW of hydro/biomass/WTE.
The event officially kicks off JAMPRO’s energy promotion activities for the second half of the year, as the Agency seeks investors to join other renewable energy projects like Wigton Windfarm and Eight Rivers Energy Company’s Paradise Park Solar Farm.
JAMPRO President, Diane Edwards, said it was crucial for Jamaica to diversify its energy sources as the island looks to improve its economic growth and decrease the cost of energy. She noted that JAMPRO is currently collaborating with MSET to promote the IRP, and to execute the energy development strategy for the country.