Minister of Science, Energy and Technology, Fayval Williams, says that Wigton Windfarm Limited has saved the Government expenditure of over US$54 million in oil imports.
The production of clean energy from the facility has enabled the country to avoid the purchase of 800,000 barrels of oil, and the emission of one million tons of carbon dioxide, thereby reducing the country’s carbon footprint.
The minister was speaking at Wigton Windfarm’s Initial Public Offering (IPO) Investor Briefing, held at the Montego Bay Convention Centre in Rose Hall, St James on Friday.
Wigton, located in Rose Hill, South Manchester, is the largest wind energy facility in the English-speaking Caribbean.
The company, which is a subsidiary of the Petroleum Corporation of Jamaica (PCJ), began operating in 2004 with the commissioning of a 20.7 megawatt-generating plant, Wigton I.
This was followed by the development of Wigton II in 2010, which generates 18 megawatts of energy. Wigton III, the 24-megawatt expansion of the facility, was officially commissioned into service in June 2016 by Prime Minister, Andrew Holness.
Minister Williams commended the company for the progress made since its inception and lauded the IPO as a “bold strategy”.