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31,000 Jamaicans to own shares in Wigton Windfarm

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31,000 Jamaicans to own shares in Wigton Windfarm

Article By: Old Harbour News
  • May 16, 2019 06:42 PM | Business

The lead broker in the initial public offering (IPO) of shares in Wigton Windfarm, Mayberry Investments, has indicated that 31,000 Jamaicans will own shares in the company.

“What is more noteworthy, is that these 31,000 Jamaicans were willing to invest some $14 billion, when $5.5 billion was on offer. On May 22, Wigton will be proudly listed on the Jamaica Stock Exchange’s main market,” Minister of Science, Energy and Technology, Hon. Fayval Williams said.

She was making her contribution to the 2019/20 Sectoral Debate in the House of Representatives on May 14.

Mrs. Williams pointed out that the IPO has demonstrated the appetite of the Jamaican people to invest in the Jamaican energy sector.

In April of this year, history was made in the renewable energy industry, when Jamaicans were given the opportunity to invest in that sector by becoming owners of the largest wind energy facility in the English-speaking Caribbean – Wigton Windfarm Limited in Manchester.

Through this successful IPO, Jamaicans, with the smallest purchase of $1,000, were given the opportunity to take a further step towards energy independence by owning a stake in Jamaica’s energy future.

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