Advance Power LCC sought legislative approval of two leases that would allow the company to develop two alternative energy sites. Senators approved the $160 million investment for microgrids on St. Thomas and St. Croix; projects expected to offset 23% of territory’s fossil fuel use and create 150 jobs during construction phase according to the VI Consortium. The wind energy sites project has won Senate approval. It is part of the territory’s ongoing effort to create alternative and renewable energies to support our Water and Power Authority.
This proposed investment into the U.S. Virgin Islands could employ 150 people during the two year construction phase. For the full article, go to VI Consortium.