The US Trade and Development Agency (USTDA) has provided a grant to the Petroleum Corporation of Jamaica (PCJ) to support the development of an offshore windfarm.
The undisclosed grant will be used to carry out a feasibility study to evaluate the viability of installation.
It is claimed the farm would be one of the first offshore wind facilities in Jamaica and in the greater Caribbean region.
The project could see the export of various equipment and services related to the design, development, and operation of offshore windpower generation, as well as transmission infrastructure from the US.
USTDA Latin America and the Caribbean regional director Nathan Younge said: “The study will help to develop new energy resources and create potential commercial opportunities for US technologies in Jamaica.”
PCJ has already selected US-based energy firm Keystone Engineering (KEI) to conduct the feasibility study.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPCJ group general manager Winston Watson said: “The Government of Jamaica has identified renewable energy development as a major pillar in its strategy for energy security.
“This study will help the PCJ to get valuable data that can attract overseas investment for the development of our offshore wind resources and we look forward to a fruitful partnership with USTDA and with KEI.”
Formed in 1979, PCJ is a statutory corporation under the Ministry of Energy in Jamaica and is responsible for managing the country’s energy requirements.