Thursday, July 9, 2015, was the ground breaking of the U.S. state Department’s, Overseas Private Investment Corporation, financing of $47 million construction, and operation of WRB’s Content Solar renewable energy farm, in Content District, Clarendon, Jamaica.
This is the second renewable energy project receiving OPIC financing this year – BMR Energy Wind Farm received $43 million. These projects together account for approximately $150 million of U.S. private sector investment in Jamaica in renewable energy generation.
Speaking on behalf of Ambassador Luis G. Moreno, the U.S. Embassy’s Deputy Chief of Mission, Elizabeth Martinez expressed how proud she was to witness this historic groundbreaking of the first utility-scale solar photo-voltaic facility in Jamaica.
Mrs. Martinez also said, “This groundbreaking reiterates the high-level support of the United States Government for the region to access clean, reliable, and affordable energy through the Vice President’s Caribbean Energy Security Initiative and underscores U.S. Government’s commitment to bilateral trade and investment, particularly in the shared priority of renewable energy.”
Jamaica currently generates 94% of its electricity from imported petroleum. The WRB project will advance the Government Of Jamaica’s objective of increasing the percentage of energy generated by renewables from 6% today to 15% by 2020 and 20% by 2030. This is the third renewable project on the island.
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