The BLP team advised BMR Energy, a subsidiary of Sir Richard Branson’s Virgin Group, on closing the $7 million acquisition of the Valle Escondido Solar Project, the only solar project of its size in Costa Rica, a significant investment in the country’s renewable energy. Under the new structure, BMR Energy will assume the construction and operation of the Valle Escondido Solar Plant where it will produce up to 5MW of energy that will be sold to the Costa Rican Electricity Institute (ICE) under a Power Purchase contract.

The BLP team that advised: