Solar Power: Wigton and Sunterra pursue expansion



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Caribbean Money Daily - The government of Jamaica has awarded new generation contracts following the request for proposals to supply 100MW from renewable energy. Recipients are SunTerra Energy Jamaica and Wigton Wind Farm for solar projects in the parishes of located in the parishes of Trelawny and Clarendon.

Wigton meanwhile has newly secured a change in the terms of its generation license from wind to solar power for Wigton Phase 1. Wigton Energy Limited advised on Monday November 5, 2024, of the addendum to the Wigton Windfarm Limited (Wigton I) Generation License, 2023, executed between the Minister of Science, Energy, Telecommunications and Transport and WIG effective November 21, 2024.

The Addendum, it was noted, now provides for the generation of electricity under the License utilising solar power instead of wind power. There has also been agreement on renaming the License to the Wigton Energy Limited Generation License, 2023.

The Jamaica Stock Exchange notice stated, “The change from wind power to solar power reflects the recognition by the Minister, and other key stakeholders, of the need to ensure the lowest cost of energy to rate payers, which may be achieved through the installation of solar technology.

It further said, “With the execution of this Addendum, WIG will continue its negotiations with the relevant key stakeholders in an effort to replace its 20.7MW wind energy generation facility with a solar energy generation facility.”

New generation capacity awarded, overseen by the Generation Procurement Entity (GPE), will see SunTerra offering net capacity of 50MW and Wigton 49.8MW.

Wigton Energy, previously Wigton Wind Farm Ltd., will build out a 49.83 MW plant in the parish of Clarendon. SunTerra Energy Jamaica Ltd has plans to construct a 50 MW plant in Trelawny.

Pursuing the build, own and operate business models, the companies aim to secure power new purchase agreements with Jamaica Public Service Company Ltd., which is the island’s only electricity distributor.

Wigton’s project will offer its solar output t $63.26/MWh, while SunTerra’s rate of is $59.90/MWh.

It is estimated that the island deployed 110 MW of solar at year end of 2023, up from 107 MW at the end of 2022.

Sunterra indicates on its website that it is in expansion mode, targeting several Caribbean islands for partnerships to meet consumer and company demand for solar energy. They note, “We provide investment-related services along the entire value chain of energy assets."

Wigton announced on Monday that the company’s aim is to build out 70MW of solar over the next two years Kingston.

It was outlined in the company notice, “ Following on from Wigton Energy’s announcement on Friday, November 22, 2024, of its award of a 49.83MW solar project in the 100MW renewable energy tender issued by the Generation Procurement Entity, Wigton Energy further advises that the Minister of Science, Energy, Telecommunications and Transport has approved its request to pursue the replacement of its 20.7MW Wigton Phase I wind facility with a solar facility."

“This will bring Wigton Energy’s total projected solar capacity to approximately 70MW, cementing the company as the largest solar energy provider in the English-speaking Caribbean and by far the largest renewable energy facility in Jamaica.”

Caribbean Money Daily

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