The global energy sector is set to transform in the coming decades from a predominantly fossil fuel-based sector to one increasingly dominated by renewables and other clean energy technologies. In an effort to foster investments in the local renewable energy industry, Soleco Energy (Jamaica) Limited in partnership with the Private Sector Organisation of Jamaica (PSOJ) and IDB Invest hosted a joint breakfast forum and panel discussion at the ROK Hotel in Kingston on January, 19th 2023. Titled ‘From Ideas to Action: Executing Successful Renewable Energy Projects for the Commercial and Industrial’, business leaders from both the commercial and industrial space discussed the importance of investing in renewable energy. Panellists in the first session included William Mahfood, Chairman of Wisynco, Ricardo Case, Director of Engineering Services at JPS, Carlos Loayza, Business Development Manager at Grupotec, and Brian Jardim, CEO of Rainforest Caribbean. The second session comprise Angella Rainford, Founder and CEO of Soleco Energy, Andrea Scarlett-Lozer, Partner at Levy Cheeks, Stephen Wedderburn, Renewables Explorer at TotalEnergies, and Omar Zacarias, Investment Management Officer at IDB Invest.
Sala de prensa
Estamos emocionados de encabezar la campaña para aumentar la inclusión de las mujeres en la industria de las energías renovables en Jamaica y en CARICOM. En un esfuerzo por cerrar la brecha en el sector, del 7 al 9 de noviembre, llevamos a cabo un seminario gratuito de capacitación en energía solar fotovoltaica (PV) de tres días para 19 mujeres en Kingston, Jamaica. La capacitación fue dirigida por la Sra. Lauren Peters de Nuance Solar. También tuvimos un orador invitado del contratista español de EPC, Grupotec, que ha construido más de 1GW de proyectos. Shireka Campbell es optimista de que las mujeres tendrán acceso a más oportunidades en el campo de la ingeniería eléctrica y las energías renovables después de participar en el seminario de capacitación.
Soleco has signed the construction contract with Grupotec to build our first set of distributed solar projects just over 2MW for the CB Group Ltd.
CB Group Limited is in the process of introducing self-generation to its electricity supply through the development of solar photovoltaic power plants across four of its sites in Jamaica. An agreement has been made between CBG and project developers Soleco Energy (Jamaica) Limited to develop these systems at CBG’s cold storage facility at Freetown, their feed production facility at Newport Mills and their hatcheries in Old Harbour and in Linstead. Soleco is pleased to announce that it has awarded the Engineering, Procurement and Construction and Operations and Maintenance contract to Grupo Tec Servicios Avanzados, S.A. and its Jamaican branch. The Contractor signed the agreement on May 05, 2022 and will oversee the construction, operation, and maintenance of these projects. Grupotec is an international company with twenty-five years of renewable energy experience executing over 1100MWp of turnkey installations through various EPC contracts. Headquartered in Spain, the Contractor has a total renewable energy portfolio of over 2.7 GW of which 1.1 GW are turnkey solutions through EPC contracts. They have a breadth of experience in the Caribbean market, having installed projects in St. Lucia and Barbados; this will be their first set of projects in Jamaica.
CREF estará vigente en Miami la próxima semana. Estamos encantados de atender en persona y de patrocinar este increíble evento. Va a ser una conferencia maravillosa. Pero mucho más importante, muestra que el enfoque caribeño de transición energética, resiliencia de la red y descarbonización sigue intacto de la pandemia.
***** SOLÉCO ENERGY featured in Barbados Today ***** A Jamaican-based company is set to invest US$45 million in the local renewable energy market once all the requisite government approvals are granted. The clean energy projects planned by Soleco Energy Limited, will see the construction of three 10 MW (total capacity of 30MW) solar photovoltaic plants in Barbados. Angella Rainford, CEO and Founder of Soleco Energy explained, “We are working with our local partners and investing in solar power plants which will benefit Barbadians, as the country works towards being 100% reliant on renewable energy sources by 2030.”
IDB Invest contributes to the development of photovoltaic solar generation in Jamaica through Soleco
We are excited to announce that InterAmerican Development Bank (IDB Invest) has closed a financing to Soleco Energy (Jamaica) Limited (Soleco) of US$24.3 million. IDB Invest will provide up to US$13.3 million in Senior A Loan financing and mobilize up to US$11.0 million from blended finance sources (Clean Technology Fund). We are looking forward to working together. Our full press release can be found on our LinkedIn page. #renewableenergy #finance #greenfinance #caribbeanbusiness #jamaica #idb
Deetken Impact Sustainable Energy Announces its First Investment in Solar Energy in Jamaica with Soléco Energy
We are delighted to announce our closing of the equity round to finance our first set of distributed power projects in the Caribbean for our company Soléco Energy. Thanks to Deetken Impact for believing in our team and for supporting our vision for a cleaner, resilient, energy world!
The Jamaica Environment Trust (JET) SOLÉCO ENERGY is delignted to support THE JAMAICA ENVIRONMENT TRUST (JET) this year. JET implements projects under three main focus areas: environmental education, law and advocacy and conservation. JET main projects include Jamaica’s longest running environmental education programme for students and teachers, the Schools’ Environment Programme, which has been in continuous operation since 1997. JET law and advocacy programme works to protect Jamaica’s natural resources using the law, public participation processes, policy review and the media. JET stages and coordinates environmental events in Jamaica, including the annual International Coastal Cleanup Day. JET conservation work has included monitoring of sea turtle nesting and the patrol and management of the Pedro Bank fish sanctuary. https://www.jamentrust.org/
Angella Rainford, the businesswoman who conceptualised and led the development of Jamaica’s largest solar farm at Paradise Park in Westmoreland, has set up a new venture, Soleco Energy Limited, to fund solar power solutions for companies in the Caribbean region. It already has projects lined up this year in Jamaica and Barbados.
Angella Rainford is honoured to participate as a moderator at the 2nd Renpower Caribbean - investors 2021 hosted online by Euroconvention Global taking place on the 10th and 11th March 2021.
Did the much-touted clean energy transition in the Caribbean survive intact through the pandemic? The consensus, it seems, is that we’re licking our wounds – but that it’s alive and kicking. New Energy’s editorial team spoke to Caribbean specialists and industry insiders to check the region’s vital signs, gauge market sentiment, and get a sense for trends and markets we should be watching in 2021.
Soléco Energy está encantado de anunciar oficialmente la apertura de nuestra nueva oficina en Kingston, Jamaica. Somos facilitadores de la revolución solar que está teniendo lugar por negocios de los Caraibes y America Latina y es muy importante para nosotros dar la bienvenida a nuestros clientes en persona en el centro de la acción. Nosotros estamos situados en Unit #11, 9-11 Phoenix Avenue, Kingston 10, Jamaica. En cuanto COVID-19 está bajo control, vengan a visitarnos en nuestra oficina.
Initiatives to bring solar energy to the Caribbean and Latin America. Some great exposure for Soléco Energy during the EU Green Week 2020 thanks to Euronews. Click on the link to watch the clip.
We are pleased that Angella Rainford, our CEO, will be a panellist on the Project Aggregation session at #CREFenergy Virtual which runs from October 28-30. Join us along with our moderator Christopher Burgess, and fellow panellists Rhianna Neely and Aran McKittrick for what is the largest renewable energy event for the #Caribbean.
Angella Rainford and Wayne Grant on site during the construction of the 50 MW Paradise Park solar project in Jamaica. >> Since founding Rekamniar Frontier Ventures in 2011, Angella Rainford has seen plenty of success as a PV project developer working in emerging markets. Originally from Jamaica, she has come to focus primarily on the Caribbean region. Last year, she started a new company, Soleco Energy, in the commercial PV segment, as well. pv magazine recently caught up with the London-based investor to discuss solar PV projects and the rapidly developing energy markets of the Caribbean. >> Source: pv magazine July 2020 issue
Join us as we reignite our fire and continue on our journey for growth. #ParadisePark #renewableenergy #solarproject #solarindustry #renewables #solarinstallation #gosolar #caribbean
Soleco Energy is honoured to have been a part of this exciting panel at the 2020 #makingsolarbankable conference hosted by Solarplaza and FMO - Dutch entrepreneurial development bank.
Prime Minister Andrew Holness believes that Jamaica can potentially host more renewable-energy sources to add up to 50 per cent of electricity to the national grid by 2030, which would also give the country more options for cleaner energy. Holness expressed that view while addressing yesterday’s opening ceremony for the Paradise Park Solar Farm in Savanna-la-Mar, Westmoreland.
Eight Rivers represents a significant development for Jamaica’s energy sector, as at US$8.5 cents per kilowatt-hour (kWh), Paradise Park will be the cheapest source of clean energy for Jamaica.
Eight Rivers Energy Company, the entity set to operate the Paradise Park Solar Farm in Westmoreland, says the project is half-complete and due for commissioning by the second quarter of this year.
Jamaica’s Ministry of Science, Energy and Technology (MSET) has announced on its twitter account that works have begun on what will be the country’s largest PV power plant.