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BMR refinances debt with new loan

BMR refinances debt with new loan

January 24, 2022
Virgin's renewable energy company borrows $88 mln from CIBC FirstCaribbean in Barbados and NCB in Jamaica

Loans Debt Energy Solar Wind Project & Infrastructure Finance ESG Green Finance Caribbean Central America Barbados Jamaica United States

US renewable energy company BMR Energy has borrowed $88 million from CIBC FirstCaribbean in Barbados and National Commercial Bank (NCB) in Jamaica to refinance debt from wind and solar power projects in the Caribbean and Central America, according to one of the legal advisers. BMR, a division of Richard Branson's Virgin Investments, has six renewable energy projects in operation and another 13 under development. It also exploring opportunities in five countries in the region, according to its we

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