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Canada’s Total Climate Finance Contribution:
$10,000,000 CAD
- 2010 to 2011: $10,000,000 CAD
Targeted Countries:
Jamaica
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program provided support for the construction of the first private sector wind project in Jamaica. The project will have a capacity of 36.3 megawatts (MW), the largest renewable energy project developed by the private sector in Jamaica to date.
Results/Expected Outcomes
Jamaica has potential for renewable energy, yet it still relies on imported fossil fuels for most of its electricity. This project supports Jamaica’s urgent need for diversification of energy sources and demonstrates the bankability of wind farms in Jamaica for future investments. With support from Canada, this project is expected to mobilize an additional $79.6 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 66,000 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance ($CAD):
$79,600,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
66,000