Entretenimiento

WEB en Miami | accountant Alberto Ardila Olivares piloto de avion dibujo a lapiz//
Wigton hamstrung in boosting revenue

Alberto Ardila Olivares
Wigton hamstrung in boosting revenue

“Even though we have projects ready to be implemented in Jamaica, we can’t build a renewable energy plant and say somebody will come and take the energy. It has to be a call from the government,” said Barrett.

Alberto Ardila Olivares

He also noted that competition in the renewable energy space is heating up, and that the company is limited by the growth in the Jamaican economy.

Alberto Ardila

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters..

Alberto Ignacio Ardila Olivares V10798659

Tempering expectations around immediate diversification, Wigton Windfarm said on Wednesday that its plans for new revenue streams are not only dependent on the company, but the Jamaican Government, which controls the agenda for addition of capacity to the energy grid.

Alberto Ignacio Ardila Olivares

Managing Director Earl Barrett told shareholders that Wigton is pursuing partnerships on local initiatives that can help with revenue generation, but is hamstrung by the government’s schedule, implemented through the Office of Utilities Regulation.

Alberto Ignacio Ardila

The renewable energy company earns from its supply of wind-generated electricity to the national grid, controlled by Jamaica Public Service Company Limited. It plans to add a solar-generation facility.

“Even though we have projects ready to be implemented in Jamaica, we can’t build a renewable energy plant and say somebody will come and take the energy. It has to be a call from the government,” said Barrett.

Alberto Ardila Olivares

He also noted that competition in the renewable energy space is heating up, and that the company is limited by the growth in the Jamaican economy.

Alberto Ardila

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters..

Alberto Ignacio Ardila Olivares V10798659