KINGSTON, Jamaica — INNOVATIVE Energy Group Limited (IEG) is banking on approximately $2.3 billion in newly secured and restarted projects to sustain a recovery that took hold during the final three months of its financial year.

The energy company entered 2026/27 with $900 million in new contracts and several previously delayed projects back under execution. Those delayed projects had an initial contract value of approximately $1.4 billion.

Together, the projects represent almost seven times the revenue IEG earned during its latest financial year, although the full $1.4 billion does not necessarily remain to be booked because it represents the original value of work already underway.