In February 2020, the Government of Jamaica approved a new Integrated Resource Plan (IRP) which sets out Jamaica's 20-year plan which is expected to deliver investment of around USD 7.3 billion in the electricity sector by 2037.
By 2025, the IRP aims to support 320 MW of solar or wind power; 120 MW of liquefied natural gas (LNG), and 74 MW of other renewable generation capacity (including hydro, waste to energy, and/or biomass energy).
In line with the national target to have 30% of its energy generation from renewable sources, more than doubling the current share of 12%, the IRP aims to provide a 1600 MW increase in energy capacity by 2037 divided into:
- 1260 MW for solar or wind power
- 330 MW for natural liquefied gas
- 74MW for biomass or hydrogen based sources such as waste materials
USD 2.3 billion of the IRP budget is dedicated to plant replacement.