EREC Paradise Solar PV Park is a 51.5MW solar PV power project. It is located in Westmoreland, Jamaica. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in June 2019.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 51.5 | 51.5 | – | Active | Westmoreland, Jamaica | Eight Rivers Energy; Ferrostaal |
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Description
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The project was developed by Eight Rivers Energy and Ferrostaal. The project is currently owned by Neoen International with a stake of 50.1%, MPC Caribbean Clean Energy with a stake of 34.4% and Rekamniar Capital.
EREC Paradise Solar PV Park is a ground-mounted solar project which is spread over an area of 80 hectares.
The project generates 82,000MWh electricity thereby offsetting 30,000t of carbon dioxide emissions (CO2) a year. The project cost is $64m.
Development Status
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By GlobalDataThe project got commissioned in June 2019.
Power Purchase Agreement
The power generated from the project is sold to Jamaica Public Service under a power purchase agreement. The power is sold at the rate of $0.085kWh for a period of 20 years, starting from 2019. The contracted capacity is 37MW.
Contractors Involved
Eiffage Energia S L U and Schneider Electric France were selected to render EPC services for the solar PV power project.
Eiffage Energia S L U is the O&M contractor for the solar PV power project for a period of 20 years.
About Ferrostaal
Ferrostaal GmbH (Ferrostaal) subsidiary of MPC Industries GmbH, is specialized in providing industrial solutions in the plant construction and industrial equipment. It is a general contractor in the plant construction sector. The company offers project development, management and project financing for constructing plants. It offers turnkey services coupled with value added features of engineering, procurement and construction (EPC). In addition, it provider outdoor lightning solutions in Europe. The company caters its services in the areas of oil and gas, petrochemicals, solar power plants, biofuel plants and other industrial plant. It operates in Asia, Europe, Africa and the Latin America. Ferrostaal is headquartered at Essen in Germany.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
