Renewables project to boost solar on Solomon Islands
A project is now underway on the Solomon Islands to help the country accelerate its renewable energy generation.
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.
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.
“Solomon Islands currently has one of the lowest levels of access to electricity in the region, with over 85% of the population of Solomon Islands still without access to electricity and for this project alone, we received over 6,000 applications to obtain only 2,000 solar home systems,” said Mr Aimaea.
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.
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