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Demand For And Use Of LNG Globally Increasing As The Effects Of Climate Change Become More Evident

Science, Energy and Technology Minister, Fayval Williams has noted that the demand for and use of LNG globally is increasing, and that as the effects of climate change become more evident, governments across the world are working assiduously to reduce harmful emissions, while increasing access to affordable power for their citizens. She was speaking at […]

Barbados 2018-2020 Economic Review

Wigton Windfarm Limited Reporting Sales Of $832.82 Million, A 6% Increase On The $782.89 Million Reported In 2018.

Recently listed Wigton Windfarm Limited (WIG), is reporting for the three months ended June 30, 2019, sales of $832.82 million, a 6% increase on the $782.89 million reported in the prior year. WIG noted that, “the increase in revenue was positively influenced by the 2.9% increase in production and a 9.4% increase in the availability […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

JPS Preparing For Shift In Customers’ Behavior Set To Install EV Charging Stations At Strategic Locations Across The Island.

The Jamaica Public Service Company Limited (JPS) is pointing to one trend that is expected to impact Jamaica in the near future, that of the advancement in electric vehicles (EVs), President & CEO of the Jamaica Public Service Company Limited (JPS) Emanuel DaRosa, said that the company is preparing for a shift in customers’ behavior […]

Barbados 2018-2020 Economic Review

DBJ Invests In MPC Caribbean Clean Energy Limited

The Development Bank of Jamaica (DBJ) has announced that it has invested in the initial public offering, on the Jamaica Stock Exchange (JSE), of MPC Caribbean Clean Energy Limited (MPCCEL), which closed in December 2018. MPCCEL, which is a Barbados registered International Business Company, raised a combined US$11.4 Million on the local capital markets in […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

Mayberry Investments Invites Other Brokers In Jamaica To Participate In The Wigton Windfarm Limited’s Initial Public Offering

(L-R) Adrian Thompson, Chief Executive Officer, Credit Union Fund Management Company Limited, Mckoy Jackson, Senior Manager of Investment Banking and Tania Waldron-Gooden, Director of Investment Banking, Mayberry Investments Limited. Brokerage firm Mayberry Investments Limited has invited all brokers in Jamaica to participate in the Wigton Windfarm Limited’s (Wigton) initial public offering (IPO) by becoming selling […]

Barbados 2018-2020 Economic Review

45% Of The Energy Will Come From Cheaper, Cleaner Liquefied Natural Gas By June 2019 -JPS

The Jamaica Public Service (JPS) says that by June 2019, 45 percent of the energy it supplies to the country will come from cheaper, cleaner liquefied natural gas (LNG). By then, the power company’s Old Harbour and Jamaica Aluminium Company (Jamalco) plants will come on stream to join the Bogue facility in St. James, which […]

Barbados 2018-2020 Economic Review

Musk’s Grand Unification Of Tesla’s Clean Energy Ambitions, Combining Solar Power, Batteries, And Electric Cars

Elon Musk’s Tesla Inc. is advancing plans to expand the U.S. solar market and has begun taking US$1,000 deposits for its remarkable new solar roof tiles. Tesla will begin production of two of the four styles it unveiled in October: a smooth glass and a textured glass tile to be delivered this summer. Musk’s vision […]

GraceKennedy Opens US$5M Grace/La Fe Facility in New Jersey

JPS Signs Power Purchase Agreement With Eight Rivers Energy Company, To Construct A 37MW Solar Power Plant In Paradise Park Westmoreland

Jamaica Public Service Company Limited (JPS) has signed a Power Purchase Agreement, with Eight Rivers Energy Company, to construct a 37MW Solar Power Plant in Paradise Park Westmoreland later this year. Under the agreement, JPS will be purchasing electricity from the new solar facility for twenty years, to the year 2038. This is the second […]

Barbados 2018-2020 Economic Review

Eight Rivers Energy Company Selected As Preferred Renewable Energy Bidder – Updated

Eight Rivers Energy Company Limited (EREC) has been selected as the preferred bidder to build, own and operate a 33.1 megawatt solar photovoltaic (PV) power generation facility at Paradise Park in Westmoreland. According to the Office of Utilities Regulation (OUR), this latest project is the most competitive renewable energy procurement project to date. In a […]

Barbados 2018-2020 Economic Review