(CNS): BMR Energy, a regional sustainable clean energy company that is now owned by Sir Richard Branson, has acquired the 5MW solar plant in Bodden Town from Entropy Cayman Solar Ltd. According to a press release from the Virgin Group company, it will now take over the operations of the utility-scale solar project and the agreement it has with Caribbean Utilities Company (CUC). The solar farm, which has 21,690 photovoltaic panels, has been operational for 18 months. It is located in the quarry area of the district and is currently providing power to around 800 Bodden Town homes
Bruce Levy, CEO of BMR Energy, said in the release that his team was looking forward “to driving facility operations to boost efficiency to deliver as much clean energy as we can for the community”, with plans to expand the Cayman operation. The release said BMR was working closely with CUC to provide reliable renewable energy to end users, supporting the current government’s target of supplying 70% of electricity used from renewable sources by 2037.
Sacha Tibbetts, Vice President Customer Services and Technology for CUC, said in the BMR release that CUC has a target of providing 25% of energy for the grid from renewable energy sources by 2025 and to meet the National Energy Policy over the longer term.
BMR said that last year it had continued to work towards Branson’s goal of accelerating renewable energy adoption and building a cleaner, more resilient energy future for the Caribbean and Latin America. It dedicated much of the last twelve months to restoring existing solar projects that were damaged during the 2017 hurricane season and exploring new promising markets for renewable energy in the region.