BELCO brought online a large solar installation at L.F. Wade International Airport in 2021 which, at 6MW peak output, provides about 8.5% of the island's electricity.
BELCO's maximum generation capacity is 165 MW, produced by diesel engines and gas turbines.
On May 5, 2005, BELCO completed the 20-year development of the East Power Station, officially bringing the last of eight new engines online.
At the same time, the Company began working on a new integrated resources plan (IRP) for the next 20 years, taking into account the Island's development and emerging issues, including renewable energy and sustainable development and energy efficiency.
On June 3, 2019 BELCO agreed to be purchased[5] by Algonquin Power and Utilities Corp for approximately US$365 million.