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The Fairfield Solar Plant, developed by Lucayas Solar Power, one of two such facilities on Grand Bahama Island.
The 6 MW Fairfield Solar plant has come into operation in Grand Bahama, one of two facilities of this type on the island, developed by Lucayas Solar Power; It is also the first solar plant in The Bahamas financed by IDB Invest under a power purchase agreement (PPA) framework.
In a statement, it is explained that in 2023 IDB Invest closed a senior loan for up to $11.2 million to Lucayas Solar Power to sell energy to Grand Bahama Power Company Limited.
Additionally, IDB Invest is providing advisory services to increase the participation and technical skills of women in the solar photovoltaic sector. The goal is to achieve a minimum of 10% female participation in non-traditional roles, such as mechanics and electricity, in the construction and installation of solar panels. 13 women have been hired out of a total of 69 people on staff. Three of them are in quality control, two in security and eight in mechanical roles.
The project will also provide the resources needed to increase womens participation in the sector, increasing professional training and academic opportunities, changing social norms around traditionally male-oriented career paths, and defining the role that women can play. Generation Z in the construction sector.
This project was announced in March of last year, based on an agreement that includes another project, Devon, of 4.5 MW , both in the town of Freeport, on Grand Bahama Island, the second largest city in the Bahamas. |
