JIS News

Story Highlights

  • The Guardsman Group is set to save millions in energy costs, following a US$1.2 million partnership with Future Energy Corporation, which will see the solarisation of its group of companies.
  • Executive Chairman of Guardsman Group, Kenneth Benjamin, said the company believes in renewable energy as an efficient resource to power its plants and offices.
  • Mr. Benjamin informed that the company is almost at the end of outfitting its head offices on Old Hope Road with a state-of-the-art solar system, to be followed by Guardsman Armoured on South Camp Road.

The Guardsman Group is set to save millions in energy costs, following a US$1.2 million partnership with Future Energy Corporation, which will see the solarisation of its group of companies.

Executive Chairman of Guardsman Group, Kenneth Benjamin, said the company believes in renewable energy as an efficient resource to power its plants and offices.

“This move will help us save money and contribute to a cleaner planet and a cleaner Jamaica,” he said, while addressing the official launch of the project at Hope Gardens on October 9.

Mr. Benjamin informed that the company is almost at the end of outfitting its head offices on Old Hope Road with a state-of-the-art solar system, to be followed by Guardsman Armoured on South Camp Road.

“This is a testament of our commitment to the process,” Mr. Benjamin said, informing that the next phase of the project will be the outfitting of its Ocho Rios offices.

Congratulating the Guardsman Group on the venture, Energy Minister, Hon. Phillip Paulwell, said the entity represents another Jamaican company “that gets it.”

“Guardsman understands the vital role that energy must play in achieving the transformation of the economy. I, therefore, want to commend Guardsman and welcome this pioneering partnership with Future Energy Corporation,” he said.

Mr. Paulwell said finding solutions to the country’s existing high cost of energy regime is one of the key challenges facing many local businesses, as they seek to become globally competitive.

“It is a major obstacle to the growth and development of businesses. This is most critical for micro, small and medium enterprises,” he said.

The Minister noted that the Government has recognised that fact in its MSME policy, “and believes that we have to encourage these sectors to find the solution (in renewables).”

Speaking with JIS News, Director of Operations, Future Energy Corporation, Kwame Hall, said the company will not only be providing solar energy across the Guardsman Group, but also throughout its entire client-base.

“The venture with Guardsman is an equity partnership, so while the company itself is investing over US$1.2 million to solarise its entire group, we will also be targeting the wider market and will be looking at about US$40 million coming out of the Jamaican economy, over the next five years,” he informed.

“This includes the private sector and government – as many sources as we can tap – to really push Jamaica towards that 20 per cent renewable goal that the government is targeting,” he said.

Mr. Hall noted that before the end of next year, all companies within the Guardsman Group should be completely solarised.