Private Investors Submit Proposals for Renewable Energy Projects

• Several private investors have submitted proposals for renewable energy projects in Jamaica for government consideration. Among them is an integrated solar and hydro energy project, which was announced by Prime Minister, the Most Hon. Andrew Holness.
• Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Senator the Hon. Matthew Samuda, speaking during the inaugural digital staging of the CANCarib Climate Smart Opportunities Summit (CCOS), indicated that there are sufficient funding proposals to enable Jamaica to achieve the power-generation target and that an announcement on the proposals could be made within the next 60 days.
• The projects are expected to assist in realizing the Government’s goal of increasing the ratio of energy generated from renewable options for the national power grid to 50% by 2030.
• It would also contribute to a 60% reduction in Jamaica’s carbon dioxide emissions, also being targeted for 2030, in keeping with the country’s Nationally Determined Contributions (NDCs) under the Paris Agreement.

(Source: JIS News)