Soleco Energy (Jamaica) Limited
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Soleco Energy Limited
USD $ 10,999,900
USD $ 13,333,200
Project scope and objective
The proposed operation consists of the financing of: (i) the development, construction, operation and maintenance of a portfolio of distributed generation assets in Jamaica, including ground mounted, rooftop and carport solar photovoltaic (“PV”) installations as well as energy storage solutions and interconnection facilities (each, an “Installation”) with an initial aggregate generating capacity of approximately 11.25 mega-watt peak (“MWp”), which will be contracted with commercial and industrial clients through long-term lease contracts (“Phase I”); and (ii) a subsequent set of Installations for additional generation capacity following the same long-term leasing structure (“Phase II”). Together, (i) and (ii) are the “Project”. The construction period is expected to be no longer than 12 months. The Project developer, Soleco Energy Limited (“SEL” or the “Company”) manages the Engineering, Procurement and Construction (“EPC”) and Operations and Maintenance (“O&M”) works contracted to Grupotec Servicios Avanzados, S.A. (or “Grupotec”) for Phase I of the Project.
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