J$2.6 Billion Green Energy Investment Could Cut National Energy Demand by 20%

American energy firm GreenRG Management LLC, which last year got the go-ahead from Cabinet to set up business in Jamaica, said it will be investing some US$30 million (J$2.6 billion) to finance a plant to manufacture and assemble energy-efficient equipment.

GreenRG says its plan could help cut the demand for energy by about 20 per cent.

How Will They Make Money?

Explaining how the company will operate, Heyer said GreenRG will be making all the upfront investment in the technology and its implementation, while rewarding itself at the back end by sharing in the savings gain.

“We make our money by sharing in the savings over a long period of time; that’s how confident we are in our technology,” he said.