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Queed - Global News Network > Business > Regional Energy Giant Secures Strategic Stake in Jamaica’s Solar Future
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Regional Energy Giant Secures Strategic Stake in Jamaica’s Solar Future

Queed Reporter
Last updated: May 1, 2025 11:48 pm
Queed Reporter 2 months ago
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In a move signaling the rising value of solar assets across the Caribbean, InterEnergy Group has officially taken ownership of Jamaica’s flagship solar farm, Paradise Park. The 51MW photovoltaic facility, now five years into operation, is located in the heart of Westmoreland and has become a silent powerhouse in Jamaica’s energy transformation.

The acquisition was finalized through the purchase of the asset from Eight Rivers Energy Company, which had originally developed the site in partnership with global firms NEOEN and MPC Caribbean Clean Energy. With an annual output exceeding 80GWh, Paradise Park is widely considered one of the most efficient and cost-competitive power plants in the region.

Rather than focusing solely on capacity, InterEnergy is framing the deal as a critical step in reshaping how energy security and sustainability co-exist in small-island developing states.

“Ownership of strategic renewable assets like Paradise Park is not just about megawatts — it’s about long-term resilience,” noted Dr. Wayne McKenzie, InterEnergy’s country lead in Jamaica. “This is about fortifying the grid with cleaner electrons, while ensuring the economy continues to thrive.”

With this transaction, InterEnergy has now crossed the 85MW threshold in Jamaican renewable energy holdings — a number expected to climb with further acquisitions and expansions in the pipeline. The group continues to operate 250MW of thermal generation in parallel, offering a hybrid reliability model during Jamaica’s energy transition.

Company Chairman Rolando González Bunster described the purchase as a continuation of the group’s strategy to dominate clean energy infrastructure across Latin America and the Caribbean. “Paradise Park strengthens our portfolio, but more importantly, it strengthens Jamaica’s path toward energy independence.”

Active across more than ten territories including Panama, the Dominican Republic, Puerto Rico and the US Virgin Islands, InterEnergy’s Caribbean presence now includes both high-efficiency renewables and low-emission thermal projects. With over 2.5GW in total capacity either online or under construction, the group is increasingly positioning itself not just as a provider, but as a regional architect of clean energy ecosystems.

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