Wigton Energy Awarded 50MW Solar Project in Landmark 100MW Renewable Energy Bid
- Wigton Energy has announced its success in the Generation Procurement Entity's (GPE) 100MW renewable energy tender. Following a rigorous selection process, Wigton Energy emerged as one of two entities awarded in the tender process.
- Wigton Energy will be installing a 49.83MW solar energy facility in Clarendon. Once completed, it will become the largest solar installation in Jamaica. With this award, Wigton reinforces its leadership in diversifying Jamaica's energy mix and expanding beyond its established portfolio in wind energy.
- CEO of Wigton Energy, Gary Barrow stated: "This project is a testament to the impact of the strategic shift Wigton Energy has undertaken to diversify into multiple forms of renewable energy and not just wind."
- As Jamaica seeks to increase its reliance on renewable energy, Wigton Energy is at the forefront of this critical shift. The new solar facility in Clarendon will supply clean, sustainable power and play a pivotal role in enhancing the country’s energy independence while advancing its environmental goals.
- In recent months, the company made significant structural changes to align with its new strategic direction. Coming out of these structural changes, Wigton Energy will focus on five key strategic pillars to drive sustained and profitable growth, which includes; being brilliant at the basics, growth through diversification, agile work culture, brand repositioning, and strategic partnerships, with an emphasis on diversification.
- As Wigton Energy actively expands into other renewable energy solutions, it is simultaneously working on enhancing operational efficiency and exploring both independent and partnership investment opportunities. This strategic shift is essential for sustaining shareholder value and ensuring long-term growth by branching into new sectors and expanding its capabilities to boost earnings.
(Sources: JSE & NCBCM Research)