Gov’t Aims To Boost Renewable Energy Generation To 12.5% By 2015

The Jamaican government has made some changes which should help to boost renewable energy production within the country. The Observer reports;

Investors willing to pump capital into renewable energy projects in Jamaica won’t have to make a one per cent downpayment when making their bids to the regulator.

Instead, they will have to submit the proposal security of one per cent of the total project cost to the Office of Utilities Regulation (OUR) after their project has been given the greenlight.

“The request fits within the Government’s plan to increase the proportion of electrical energy generated by renewable resources to 12.5 per cent of total generation by 2015”, the paper reports.