Utilities Tech Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Utilities Tech Outlook
The excessive use of conventional sources of energy has threatened the entity of the human civilization. So, it is high time to move to the unconventional sources to find energy. Cayman Island makes proper use of this massive source of energy. Cayman Islands’ national target is to supply 70 percent of energy from renewable sources by 2037. As a member of the Paris Agreement, this island is very serious about climate change and has decided to shift to the renewable sources of energy.
BMR Energy has acquired Cayman Islands' 5 MW solar plant project. The Bodden Town Solar Farm consists of 21,690 photovoltaic panels and is working since 2017. BMR Energy has taken control of this solar farm which was previously controlled by Entropy Cayman Solar I. Power provided by The Bodden Town Solar Farm is utilized to ensure the constant supply of electricity in 1800 homes.
The Virgin Group backs BMR Energy. It is aimed to support the green energy vision on a large scale in the Caribbean islands and Latin America. This part of this world needs a proper and cost-effective solution for the growing need of power to ensure better economic growth. BMR Energy tries to provide an important solution to meet this goal. This house had previously invested in Jamaica Wind Project. This investment helped them to secure $62.7 million. Its major projects encompassed Guatemala Green Solar project and St. Croix Spanish Town solar plant. The St. Croix Spanish Town solar plant is significant for the company. This plant was almost destroyed due to the Hurricanes Irma and Maria. BMR Energy helped this plant to run again.
This undertaking is very fruitful for the island. It has reduced the outbreak of greenhouse gases. It has reduced the emission of CO2 by 7900 tons per year which is equivalent of stopping 1400 cars to run. This project is providing clean energy without harming the lands. In this project, BMR Energy is closely working with CUC in order to utilize the plan to the maximum level.
