Tcl energy storage in the solomon islands

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.

Why is the power supply in the Solomon Islands so volatile?

Currently, most of the power in the Solomon Islands is dependent on diesel generated power which uses imported fuel. This volatile energy supply structure is susceptible to soaring fuel prices, and the people want it to be rectified as soon as possible.

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 much money does a private company need in the Solomon Islands?

The interviews were conducted in the following 6 locations. According to the results of the customer survey, the maximum investment at one time for the average private company in the Solomon Islands is 200,000 SBD, so it was determined that deployment would be difficult with an initial cost similar the one for this project.

Does Solomon have a solar system?

Solomon has natural conditions suitable for solar power, and they are promoting renewable energy, but the grid-connected photovoltaic power generation system (hereinafter referred to as “grid-connected PV system”) has not been introduced.

Is Solomon (Honiara) a good place to install solar panels?

Solomon (Honiara) has about 1.3 times the amount of solar radiation (horizontal plane) than Japan, so the environment is optimal for PV installation. Using the following calculation method, the amount of power generated annually was calculated based on this solar radiation data.