Wigton Windfarm Limited, known as Wigton Energy, has recently announced its decision to sell its property located at Lot 28 Ferry Pen, St. Andrew, Jamaica. This move comes after a strategic planning review conducted by the Board of Directors in July 2024.
The Board of Directors at WIG has set new strategic objectives focused on business expansion in renewable energy and associated technologies. They believe that this direction will not only enhance shareholder value but also contribute to diversifying Jamaica’s energy mix and providing energy to consumers at more affordable rates.
To align with their new strategic vision, the Board has decided to put real estate investments and development on hold for the time being. This decision underscores their commitment to prioritizing ventures that support their core business goals and have a significant impact on the energy sector in Jamaica.
Key Points:
- Wigton Windfarm Limited, also known as Wigton Energy, will be selling its property at Lot 28 Ferry Pen, St. Andrew, Jamaica.
- The decision to list the property for sale follows a strategic planning review conducted by the Board of Directors in July 2024.
- The Board’s new strategic objectives focus on business expansion in renewable energy and associated technologies to grow shareholder value and contribute to Jamaica’s energy sector.
- As a result, investments in real estate and real estate development will not be pursued at this time.
Wigton Energy’s decision to prioritize renewable energy and associated technologies aligns with the broader global push towards sustainable and green energy solutions. By focusing on these areas, the company is not only positioning itself for future growth and success but also playing a crucial role in supporting Jamaica’s energy needs.
In conclusion, Wigton Energy’s strategic shift away from real estate investments towards renewable energy reflects a forward-thinking approach that is both financially prudent and environmentally responsible. As they navigate the evolving energy landscape, Wigton Energy is poised to make a significant impact on Jamaica’s energy sector while creating value for its shareholders and consumers alike.
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