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\u2019s only utility-scale solar project and the power purchase agreement with the local utility, Caribbean Utilities Company, Ltd. (CUC).<\/p>\n
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\u2019s peak load of about 110 MW and provide power to more than 800 homes.<\/p>\n
\u201cWe are pleased to establish operations in the Cayman Islands and contribute to its transition to renewable energy,\u201d said Bruce Levy, CEO of BMR Energy. \u201cOur 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.\u201d<\/p>\n
BMR is working closely with CUC to provide reliable renewable energy to end users supporting the Cayman Islands\u2019 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.<\/p>\n
\u201cThe Bodden Town Solar Farm, the first utility-scale partnership for CUC, has provided our customers with clean energy since 2017,\u201d said Sacha Tibbetts, Vice President Customer Services & Technology for CUC. \u201cWe look forward to working together with BMR Energy on the continued operation of the Solar Farm. CUC\u2019s 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.\u201d<\/p>\n
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.<\/p>\n
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