OPIC finances 20MW Jamaican solar farm

Facebook
Twitter
LinkedIn
Reddit
Email

The US government’s Overseas Private Investment Corporation (OPIC) is to finance a 20MW solar farm in Clarendon, Jamaica.

The project, owned by Content Solar and under development from Florida-based WRB Enterprises, has secured a US$47 million investment from OPIC under the US government’s Caribbean Energy Security Initiative.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The initiative was launched by US vice president Joe Biden last year in order to support renewable energy projects in the Caribbean with Jamaica currently generating more than 90% of its electricity from imported oil.

WRB will be the first investor to develop a utility-scale solar plant in Jamaica and the company’s chairman and CEO Robert Blanchard said the project was “an important milestone not only for Jamaica, but the entire Caribbean”.

Blanchard inaugurated the project with the signing of an agreement alongside Jamaica’s minister of energy Philip Paulwell, US ambassador to Jamaica Luis G. Moreno and OPIC chief of staff John Morton.

“OPIC’s financing to WRB for Content Solar will both help the Jamaican people take an important step toward energy security and also show that Jamaica is a market where private investors can find opportunity for growth,” Morton said, adding: “I’m eager to build on our long, productive relationship with WRB to help show that renewable power is more than a positive environmental step, it makes sound business sense.”

Moreno added that US private investment in Jamaica’s renewable energy efforts is expected to US$150 million over the coming years, enabling projects that “wouldn’t be possible” without OPIC financing.

Read Next

May 20, 2025
The ability of PV simulation software to accurately simulate energy performance for bifacial modules leaves more questions than answers.
May 20, 2025
Enfinity Global has secured €100 million from Eiffel Investment Group to advance its solar PV and battery energy storage system (BESS) portfolio in Europe.
May 20, 2025
Solar PV additions have slowed down in the first quarter of 2025 in India, with 6.7GW, according to a report from Mercom India Research.
May 20, 2025
SOLV Energy has announced plans to build more than 6GW of new utility-scale solar and storage capacity in the US.
May 20, 2025
The three projects, Mammoth South, Mammoth Central I, and Mammoth Central II, have a generation capacity of 300 MW each.
May 20, 2025
Third-party ownership (TPO) of non-residential projects in the US has led commercial and industrial (C&I) and community solar financing in 2024.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia