Jamaica scores big at Caribbean-US energy conference

US Vice President, Joseph Biden (left) with Minister of Natural Resources and the Environment, Robert Persaud

Jamaica walked away from the Caribbean Energy Security Summit held in Washington, DC on Monday with a US$90 million capital injection for a wind farm.

The Jamaica Observer reported yesterday that the 34-megawatt (MW) greenfield wind farm being built by US-owned BMR Energy in St Elizabeth, Jamaica is to receive a US$90-million capital injection by way of a loan through a tripartite arrangement among the Overseas Private Investment Corporation (OPIC), the International Finance Corporation (IFC),