PPA details emerge for Jamaica renewable energy call
Power purchase agreements (PPAs) in the Jamaican government’s process to procure 100MW from renewable energies on a build, own and operate basis will run 20 years.
That is according to the draft PPA term sheet just released by the Generation Procurement Entity (GPE), which issued a call for expressions of interest last month.
Winners will enter into agreements with the buyer, the Jamaica Public Service Company, and a PPA may be extended, subject to approval from the Office of Utilities Regulation.
The term sheet, available here and in the Documents box in the upper right corner, also addresses risks, construction security deposits, payment and currency, termination, and force majeure, among other areas.
GPE also published the draft term sheet, available at this link and in the Documents box, for the request for proposals.
Meanwhile, consultation was extended to July 7 and the end of the response period was pushed back to July 21, with expressions of interest now due by July 28.
The government recently increased its renewables target to 50% from 30% by 2030.
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