Why should Fiji invest in solar power?

By harnessing the abundant solar resources of the region, this project aligns with Fiji’s national target of achieving 100% renewable electricity and its international commitments to reduce greenhouse gas emissions by 30% by 2030, thus improving living standards, health outcomes, job creation, climate resilience and food security.

Is energy Fiji looking for a private sector partner?

State-owned utility Energy Fiji Ltd is ready to start the search for a private sector partner to develop “the largest solar project of its kind in the Pacific to date” after signing a financing agreement with the International Finance Corporation (IFC).

How does Fiji generate electricity?

The IFC said Fiji currently generates half its electricity from hydropower plants – identified on the Energy Fiji website as 80 MW and 40 MW facilities on Viti Levu; 45% from fossil fuel imports which contributed around a fifth, or FJ$1.17 billion (US$550 million), of the nation's total imports bill last year; and 5% from biomass and wind plants.

Where is Fiji's New solar plant located?

This new solar plant is situated at the Mua Research Centre in the north of Taveuni, an international centre for palm and coconut research owned by the Fijian Government and is poised to bolster the island’s existing generation capacity.

How a battery storage system is transferred to a PIC utility?

BOOT (transfer): The ownership of the battery storage system is transferred to the PIC utility after a certain period of time. The loan agreement includes the terms and conditions under which the project is financed by the debt providers.

How many MW does Fiji have?

Energy Fiji says its 237 MW generation portfolio includes 112 MW of diesel facilities at 14 locations. The nation has a total generation capacity of 267 MW, according to the IFC. This content is protected by copyright and may not be reused.