Grand Bahama has marked a significant milestone in its renewable energy transition with the commissioning of the 6-MW Fairfield solar farm. The facility, developed by Lucayas Solar Power Ltd, began commercial operations on April 30, 2024, signaling a new era for clean power on the island.
The Fairfield farm is the first phase of a larger, $15 million initiative that includes a second site, the 5-MW Devon solar project. Together, these two Freeport-based facilities will span over 30 acres and generate a combined 9.5 MW of solar power. Jorge Martinez, President and CEO of Lucayas Solar Power, described the project as a “cornerstone” for future renewable developments in Freeport and the Family Islands.
This landmark project is underpinned by a 25-year power purchase agreement (PPA) with Grand Bahama Power Company Limited, the island’s sole utility. To facilitate this agreement, IDB Invest, a member of the Inter-American Development Bank, has provided a senior loan of up to $11.2 million to Lucayas Solar Power.
The project’s environmental impact is substantial, with the Fairfield farm alone projected to reduce annual CO2 emissions by over 5,000 tons. Over the 25-year PPA term, this will prevent nearly 150,000 tons of carbon emissions. The consistent energy output is expected to stabilize electricity prices, promote economic growth, and advance key United Nations Sustainable Development Goals, including Affordable and Clean Energy (SDG 7) and Climate Action (SDG 13).
Beyond its environmental benefits, the project champions social progress through a workforce development initiative led by IDB Invest. This program focuses on enhancing gender diversity in the solar sector by providing technical training and academic opportunities. The construction phase has already seen 13 women employed out of a 69-person team, with a goal of achieving at least 10% female representation in non-traditional roles like mechanical and electrical work.
Lucayas Solar Power Ltd, which is 65% Bahamian-owned and a subsidiary of Inti Corporation Ltd, specializes in designing and installing solar energy systems. The company’s commitment to sustainable, cost-effective solutions is demonstrated through this pioneering project for the Caribbean nation.
Sources
- $15 MILLION SOLAR FARM ON THE WAY – bahamas chronicle
- GBPA signs $15m solar farm deal – CARILEC
- Landmark Renewable Energy Project in The Bahamas Begins …
- Lucaya Solar Power – first solar farm in Bahamas – The Tribune
