Wigton Wind Farm

Background

Wigton Windfarm Limited, a subsidiary of the Petroleum Corporation of Jamaica (PCJ), is the largest wind energy facility in the English-speaking Caribbean. Located in Rose Hill, Manchester, WWFL commenced operations in 2004 with 20.7MW capacity, then expanded to 38.7 MW in 2010 and to 62.7MW capacity in 2016.

Project Description

WWFL’s mission is to provide and/or facilitate increased wind energy development along with other renewable energy sources for the generation of electricity, thereby contributing to the diversification of Jamaica’s energy mix.

Key Highlights:

  • The projected total plant output of WWFL is 164,775 MWh per year. WWFL currently accounts for 6.2% of the grid’s installed generating capacity and 3.7% of Jamaica’s electricity generation.

 

Status

The DBJ, on behalf of the Petroleum Corporation of Jamaica, undertook a tender process to engage a valuation consultant. The selected consultant was engaged on 29 May 2017.

The DBJ advertised for a Financial Transaction Structure Advisor & Stock-Broker IN April 2017 and six (6) bids were received by the due date 12 May 2017. The evaluation of the bids is expected to be completed by the end of June 2017.

The GOJ is considering listing WWFL on the stock exchange.

Wigton Wind Farm