Climate Changed
Branson's Virgin Group Buys Storm-Damaged Caribbean Solar Farm
- BMR Energy unit to restore St. Croix farm acquired from NRG
- Hurricane Maria crippled 4-megawatt project in September
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A clean-power company owned by billionaire Richard Branson’s Virgin Group has taken over a Caribbean solar farm that was damaged last year by Hurricane Maria.
Virgin’s BMR Energy unit, which develops, owns and operates clean-energy projects in the Caribbean and Latin America, plans to restore the 4-megawatt farm in St. Croix, the U.S. Virgin Islands, and take over a power-purchase agreement, according to a statement Tuesday. It has been running at less than 45 percent of capacity since the September storm. Terms of the acquisition from NRG Energy Inc. weren’t disclosed.
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Branson's Virgin Group Buys Storm-Damaged Caribbean Solar Farm