Solomon islands energy storage subsidy

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.

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 2017 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.

Does the Solomon Islands have solar power?

Nearly all of Solomon Islands’ grid power is diesel generated. Solar hybrid project 2017 at Taro. Image credit Solomon Power The Solomon Islands of Oceania are an archipelago with a rich history, some of it not so good for the residents there.

How many electricians live in Solomon Islands?

Further complicating matters, in 2016 only 60 licensed electricians lived in the country and all resided in the capital, Honiara. While the World Bank has invested significantly in sustainable energy programs in Solomon Islands, particularly in hydropower and clean energy access, many challenges still remain.

Why do Solomon Islands have low electricity levels?

With only 16% of households connected to the electrical grid, Solomon Islands faces low levels of electrification due to systemic, economic, and geographic barriers.