The Jamaican Office of Utilities Regulation (OUR) has announced a winner of its most recent renewable energy procurement project. The selected bidder, Eight Rivers Energy Company (EREC) has entered the auction with a 33.1 MW PV project and proposed the lowest electricity price of 8.54 US cents per kWh.
“The OUR is pleased with the proposed all-in tariff of 8.54 US cents/kWh, which we believe has set the pricing bar for future renewable projects,” said OUR director Albert Gordon.
Commenting on the results of the selection, the Minister of Science Energy and Technology in Jamaica Andrew Wheatley noted that the winning bid represents the lowest cost ever for solar power in Jamaica.
In July last year, OUR announced its request for proposals to supply up to 37 MW of renewable energy in the national grid. 19 bids, totaling nearly 500 MW, including 11 solar PV projects have been submitted.
ERECÂ’s PV project is 50% owned by Neoen, an international independent power producer, through its wholly owned subsidiary, Neoen International, and 50% owned by business developer Rekamniar. Earlier, EREC announced its plans to invest around $48.7 million in the plant.
The construction of the PV plant at Paradise Park, Westmoreland is set to begin by July. According to the local media, EREC expects to starts operating the facility within a year.
Once completed, the 33.1 MW solar park will become the largest solar plant in Jamaica. To date, Jamaican largest PV project is a 20 MW solar plant in Clarendon, commenced in July last year by Florida-based WRB Energy.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
Share
1 comment
Leave a Reply
Please be mindful of our community standards.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
We , the thinkers with the concern for our planet needs to push greed energy to the four corners of this earth.🖒