British based renewable energy experts Padero Solar are pleased to have completed a deal that will see one-megawatt of solar energy generated on the island of Jamaica.
The deal, which has been backed by British High Commissioner to Jamaica David Fitton as a vote of confidence for the local economy, is the first of its kind on the island for the group’s subsidiary company Padero Solar Jamaica.
Approximately 250 kilowatts of the energy will be generated by way of solar panels on the warehouse roof of the WISYNCO Group at its industrial complex in Lake’s Pen, St Catherine, with another 750 kilowatts via panels on the ground.
The output from the panels will meet one third of the plant’s three-megawatt peak demand and is anticipated to reduce energy costs by up to 40% over the first five years.
Padero Solar Jamaica bring with them a rich understanding and knowledge of the solar industry, as part of the Padero Group responsible for developing more than 160MW of projects in the UK and across the world.
Benjamin Daley, managing director of Padero Solar Jamaica, said the project was timely and the partnership right for both parties and the country.
“I think renewable energy in the Caribbean is going to take off. Certainly, the price points would indicate that. The potential is here, but you need the expertise, you need the buying power to come here, and that’s where we are. I think this is a perfect time for us.”
For more information on Padero Solar Jamaica please visit www.ps-jamaica.com