Ocean Point Terminals and BMR Energy Partner to Repower the Marine Logistics Terminal with Solar Energy in St. Croix
ST. CROIX, U.S. Virgin Islands – Ocean Point Terminals (OPT), a world-class energy logistics hub, and BMR Energy, a Virgin Group company and developer, owner and operator of clean energy projects in the Caribbean and Central America, announced today that they are partnering to construct an approximately 10.00 MWdc/7.50 MWac ground-mounted utility-scale solar farm at Ocean Point Terminals in St. Croix, U.S. Virgin Islands. The facility will generate and deliver power to OPT’s marine logistics terminal, and storage and blending complex, pursuant to a 20-year lease and operation and maintenance agreement.
The facility will be located on a site across from OPT’s Administration Building and adjacent to a housing estate owned by OPT, with construction expected to begin in the fourth quarter of 2022. The project will meaningfully reduce OPT’s operating costs and emissions and will significantly increase clean renewable energy in the U.S. Virgin Islands.
“We worked closely with BMR to design a solution that meets our energy requirements, lowers our energy costs, reduces our carbon footprint and helps to retain our competitive position as the largest terminal, storage and blending facility in the Caribbean,” said Todd Dillabough, Ocean Point Terminals’ CEO. “The project is on a fast track to begin construction this year and reach commercial operation in early 2023.”
The solar farm will include more than 18,000 photovoltaic modules. Designed with strengthened racking, foundations and module connection systems, it will be able to withstand wind speeds of up to 180 mph.
This is a unique opportunity to further our commitment in the U.S. Virgin Islands and to continue diversifying its energy resources with one of the most important companies and employers in the territory,” said Bruce Levy, BMR Energy CEO.
This will be BMR Energy’s third solar project in operation in the U.S. Virgin Islands. BMR Energy also provides clean, sustainable electricity through its 6.4 MW solar farm in Donoe, St. Thomas and its 5 MW solar farm in Spanish Town, St. Croix.
About Ocean Point Terminals
Ocean Point Terminals is a world-class energy logistics hub centrally located in the Caribbean facilitating the storage, segregation, blending, and global movement of crude oils, fuel oils, bunker, gasolines, diesel, jet fuel, and liquid petroleum gases. Customers include integrated global oil majors, refiners, and global trading houses. The facility consists of 167 tanks, with a capacity of approximately 34 million barrels, and deep-water access to 11 docks including an offshore single point mooring (SPM) buoy capable of loading and discharging vessels up to VLCC size.
About BMR Energy
BMR Energy, a Virgin Group investment, is a developer, owner and operator of clean energy projects in the Caribbean and Latin America. BMR Energy’s solution-minded team brings its industry expertise to efficiently executing projects that deliver affordable, sustainable energy generation. For more information, visit www.bmrenergy.com.
About Virgin Group
Virgin is a leading international investment group and one of the world’s most recognized and respected brands. Conceived in 1970 by Sir Richard Branson, the Virgin Group has gone on to grow successful businesses in sectors including mobile telephony, travel & transportation, financial services, leisure & entertainment and health & wellness.
Ocean Point Terminals