Jamaica is estimated to have saved over J$229 million during the first five months of the current financial year, as a result of the electricity produced by the Wigton Windfarm Limited (Wigton). Assuming US$98.06/Barrel (West Texas Intermediate Benchmark) which was the average spot price of a barrel of oil for the period April-August 2011, the estimated savings areJ$229,561,666 or US$2,672,429.18 (BOJ average weighted selling foreign exchange rate for the aforementioned period was J$85.90 to purchase US$1.00).
During the period April-August 2011, Wigton generated 46,329,521 kilowatt-hours (kWh) of electricity, enough to power approximately 50,000 homes per month. This resulted in Jamaica avoiding the importation of 27,253 barrels of oil and the emission of 38,639 tonnes of Carbon Dioxide.
At US 10.7 cents /kWh for energy without capacity, Wigton is the lowest priced independent supplier of electricity to the Jamaica Public Service Company (JPSCo).
Wigton presently owns and operates a 38.7 megawatts (MW) wind farm complex in Manchester which represents 4.5% of generating capacity installed on the grid and 2.6% of electricity generation.
The complex consists of the 20.7 MW Wigton Phase I which was commissioned in 2004 and the 18 MW Wigton Phase II which was commissioned in December 2010, following the installation of nine 2 MW turbines by Vestas. Wigton Phase II which was constructed at a cost of approximately US$47.5 million,was 100% debt financed from the PetroCaribe Development Fund.
Wigton Windfarm Limited is a wholly owned subsidiary of the Petroleum Corporation of Jamaica (PCJ). Its mission is to provide and/or facilitate increased electrical energy from wind power and other renewable energy sources thereby contributing to the diversification of Jamaica’s energy mix. Its operations are intricately linked to the National Energy Policy which proposes renewable energy targets of 11% by 2012, 12.5% by 2015 and 20% by 2030.
Contact Person: Don Dobson, 855 – 1356