(Photo courtesy BMR Energy)
A company connected to Virgin Group founder Richard Branson has acquired a 4-MW solar facility in St. Croix that was damaged by Hurricane Maria 11 months ago.
BMR Energy is buying the fixed ground-mount solar facility from NRG Energy. It will take over the power purchase agreement and work to completely restore the solar farm.
“Restoring the solar facility in Spanish Town, St. Croix, to full capacity generation is core to our mission of supporting clean energy infrastructure in the Caribbean and Latin America,” said Bruce Levy, CEO of BMR Energy, in a statement. “This acquisition is an opportunity to show how to build for stronger hurricane resiliency and offer greater value to the region. As the prolonged restoration in these hurricane-devastated areas highlights – with Puerto Rico being the most extreme example–we must remain committed to rebuilding our infrastructure right and successfully maintaining projects through long-term ownership.”
Branson’s Virgin Group acquired BMR Energy in 2016 and is focused on clean energy projects in the Caribbean and Latin America. He said the company plans to be a long-term partner in the region for developing renewable energy.
In this case, BMR is working with the Virgin Islands Water and Power Authority, which is the power purchaser for the St. Croix farm. Repair work on panels and inverter replacement already has begun, according to the report.
As in Puerto Rico, Hurricane Maria devastated the Virgin Islands power grid. More than 75 percent of residents were still without power about three months after the September 2017 storm, according to reports.