News

US to Fund Wind Farm in Jamaica

By: Caribbean Journal Staff - January 28, 2015

Above: a wind farm in the Caribbean (CJ Photo)

By the Caribbean Journal staff

A major wind farm project in Jamaica will soon receive a major boost from the United States government.

According to the United States’ Overseas Private Investment Corporation, the agency will disburse the first tranche of $43 million in financing for Blue Mountain Renewables’ 34 megawatt wind project in Jamaica.

The project, which will begin construction in June, will be what the White House called a “tangible example of public and private sectors in both countries working in harmony.”

The financing was announced at the Caribbean Energy Security Summit in Washington earlier this week.

The project will also inject nearly $90 million overall in investment into Jamaica’s economy, the White House said.

The wind farm would be the second major wind project on the island, following the Wigton Wind Farm, which first generated wind energy in 2004.

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