Who is financing a solar energy project in the Solomon Islands?
The Asian Development Bank, Saudi Fund for Development, and Solomon Power are all financing the project. A project is now underway on the Solomon Islands to help the country accelerate its renewable energy generation.
How much will a solar PV project cost in Solomon Islands?
Component 3: US$ 2.5 million is allocated to add grid-connected solar power to contribute to the overall share of renewable energy in Solomon Islands' energy mix.
How will solar power benefit the Solomon Islands?
By increasing the generation capacity of renewable energy facilities, solar power will provide access to electricity for low-income households in peri-urban and rural areas of the Solomon Islands.
What is a solar hybrid project in Solomon Islands?
The project will finance new solar farms in Guadalcanal and Malaita province, along with a utility-scale grid-connected energy storage system in Honiara. Nearly all of Solomon Islands’ grid power is diesel generated. Solar hybrid project at Taro. Image credit Solomon Power
How is the Solomon Islands project funded?
The project is being funded by a $10 million concessional loan and a $5 million grant from the Asian Development Bank (ADB), while the Saudi Fund for Development and state-owned Solomon Power are providing $10 million each. The government of the Solomon Islands is providing $7 million.
How to reduce energy consumption in Solomon Islands?
Air conditioning in government offices and business houses is a significant contributor to energy consumption in Solomon Islands. Proper maintenance and the introduction of more efficient air conditioners with controls that allow the system to shut down when not needed are ways to reduce energy consumption in this area.
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