The Innovative Energy Group (IEG) and Huawei Technologies Sign Landmark Agreement

• Innovative Energy Group (IEG), formerly Wigton Windfarm Limited, has signed a Distribution Agreement with Huawei Technologies, setting the stage for a significant impact on the renewable energy sector in Jamaica and the English-speaking Caribbean. This partnership underscores the region’s growing demand for advanced digital power products and solutions.
• The two-year renewable agreement grants IEG distribution rights for Huawei’s Tier 1 digital power products, including inverters, battery energy storage systems, power conversion systems, and SCADA/monitoring equipment.
• With Jamaica’s renewable energy penetration currently below 20% and a national goal of 50% by 2030, this partnership is poised to play a pivotal role in achieving these ambitious targets.
• Over the past two years, IEG’s subsidiary, Innovative Energy Company (IEC), has procured over US$6Mn worth of Huawei’s digital power products. With this agreement, Huawei aims to capture at least 50% of Jamaica's market share, ensuring strong growth and increased adoption of renewable energy technologies.
• In addition to providing cutting-edge products, Huawei will support IEG with marketing resources, advanced training, and trade credit facilities, strengthening IEG’s ability to meet market demands.

(Source: JSE)