BMR Energy acquires 5MW Cayman Islands solar plant

BMR Energy announced today its acquisition of a 5 MW solar plant in the Cayman Islands from Entropy Cayman Solar I. The Virgin Group company will take over all operations of the country’s only utility-scale solar project and the power purchase agreement with the local utility, Caribbean Utilities Company, Ltd. (CUC).

The Bodden Town Solar Farm includes a total of 21,690 photovoltaic panels and has been operational since July 2017. The facility is sited on a former rock quarry, recovering this location to generate clean, renewable energy without impacting undisturbed areas on the island. All power generated by the Bodden Town Solar Farm will contribute to the grid’s peak load of about 110 MW and provide power to more than 800 homes.

“We are pleased to establish operations in the Cayman Islands and contribute to its transition to renewable energy,” said Bruce Levy, CEO of BMR Energy. “Our team is looking forward to driving facility operations to boost efficiency to deliver as much clean energy as we can for the community and look forward to expanding our Cayman operations in the future.”

BMR is working closely with CUC to provide reliable renewable energy to end users supporting the Cayman Islands’ national target of supplying 70 percent of electricity from renewable sources by 2037. As an island vulnerable to climate change, the Cayman Islands are also part of the Paris Agreement and have signed a mandate to make the transition to renewables.

“The Bodden Town Solar Farm, the first utility-scale partnership for CUC, has provided our customers with clean energy since 2017,” said Sacha Tibbetts, Vice President Customer Services & Technology for CUC. “We look forward to working together with BMR Energy on the continued operation of the Solar Farm. CUC’s aim is to have 25 percent of energy on the grid come from renewable energy sources by 2025 and to meet the objectives and targets of the National Energy Policy over the longer term.”

BMR Energy is actively working on the development of additional projects throughout the Caribbean and Central America. The company expects to see increased activity during 2019 as more countries begin to implement their renewable energy programs.

 

Written by Renewable Energy Caribbean

The Latest News & Market Analysis on Clean Energy in the Caribbean.

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