Wigton Energy has appointed Mayberry Investments to provide financial advisory and brokerage services as the renewable energy company moves ahead with plans to expand its generation capacity.
In a disclosure to the Jamaica Stock Exchange, Wigton said Mayberry Investments has been engaged to provide financial advisory, arranger and brokerage services, including support for the financing of two utility-scale solar projects.
The projects are expected to increase Wigton's electricity generation capacity under existing power purchase agreements with the Jamaica Public Service Company, JPS.
Wigton noted that Mayberry Investments is a sister company of Mayberry Jamaican Equities Limited, which is among the company's ten largest shareholders.
The renewable energy company did not disclose the value of the financing arrangements or indicate when financial close on the projects is expected.
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