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Wigton Windfarm says move to private sector should facilitate more innovation

Wigton Windfarm says its transition to a private sector listed company is expected to open new opportunities for further innovation.
 
In an outlook for 2020 and beyond, Wigton says this includes moving from the single customer energy supply model while remaining in a state of readiness to be responsive to calls for additional capacity to the JPS grid.
 
Wigton, which was listed on the Jamaica Stock Exchange in May, following an initial public offering, on Tuesday reported net profit of $366 million for the first quarter ended June 30.
 
That was a 109 per cent increase over the same period last year.
 
Revenue also rose by $58 million. 


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