Who owns Bermuda Electric Light Company Limited (Belco)?

Bermuda Electric Light Company Limited (BELCO) is a wholly owned subsidiary of Liberty Group Limited. Liberty Group Limited is a Bermuda-based, provider of energy and energy-related services, owned by Algonquin Power & Utilities Corp. (Algonquin). Algonquin is the parent company of Liberty Power and Liberty Utilities, collectively known as Liberty.

When did Belco start supplying electricity in Bermuda?

BELCO was incorporated in 1904 as the Bermuda Electric Light, Power & Traction Company (B.E.L.P.&T.), and started to supply electricity in Bermuda on 1 May 1908. The Company purchased its present site on Serpentine Road, Hamilton in 1909 and moved its operations there.

Who is Bermuda Electric Light Company?

In the 1950s, we decided against developing a tramway for the island and so removed the word “Traction” from the Company’s name and became what we all know today as the Bermuda Electric Light Company Limited – BELCO. We embraced new technologies as we grew.

Who is Bermuda Gas?

Established in 1936, Bermuda Gas was a distributor of commercial and residential propane gas and operated retail and service operations. The following year, in 1995, BELCO Holdings was established to provide a structure for diversification.

Will Bermuda have 85% of its power by 2035?

The IRP aimed to have 85% of Bermuda’s power generated by renewable means by 2035. Shareholders of Ascendant Group Ltd gave overwhelming backing for BELCO to be purchased by Algonquin Power and Utilities Corporation.

Is biomass a source of electricity in Bermuda?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Bermuda: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.