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Jamaica to Invest USD 25m on Energy Storage

Jamaica’s power utility, Jamaica Public Service Company (JPS) announced it would commission a USD 25 million energy storage facility. The 24.5MW plant will be the first facility of its kind in Jamaica, and will help to address power fluctuations. This storage facility will act like a battery, charging when solar and wind-energy...

Guyana Pushing Green Energy With New Solar Farm

A solar farm in the Mabaruma region of Guyana. (GP)   A one-megawatt solar farm valued at $565M is expected to be constructed in Lethem. he plan for the solar farm is currently awaiting approval from the international tender, after which the construction will commence. The project, which “is anticipated to take a year...

Wigton IPO Aims to Raise $5.5 Billion

Wigton Windfarm near Newport in Manchester (Photo: Observer file)  Wigton Windfarm, the wholly owned subsidiary of Petroleum Corporation of Jamaica (PCJ), hopes to raise roughly $5.5 billion from its initial public offering which is set to open on April 17. The IPO, which falls a little lower than that of Wisynco...

Wigton Seeks to Raise $5.5 Billion From IPO

PCJ, the operators of Wigton Winfdarm, is offering over 11 billion shares in the IPO. (Photo: Marlon Reid) Wigton Windfarm is seeking to raise $5.5 billion through an initial public offering on the Jamaica Stock Exchange. The wind farm, which is operated by state-run entity, Petroleum Corporation of Jamaica (PCJ), will make...