About Solomon Islands Solar Photovoltaic Power Generation System
The Solomon Islands Renewable Energy Development Project plans to finance new solar farms in Guadalcanal and Malaita provinces, along with a utility-scale grid-connected energy storage system in Honiara, the country’s capital. It will also support a pilot for rooftop solar at two regional schools.
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About Solomon Islands Solar Photovoltaic Power Generation System video introduction
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6 FAQs about [Solomon Islands Solar Photovoltaic Power Generation System]
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 percentage of the Solomon Islands' electricity mix is renewable?
Renewable energy only makes up 2% of the Solomon Islands’ electricity mix. Image: Namkoo Solar. A group of investment firms led by the Asian Development Bank (ADB) has partnered with the government of the Solomon Islands to finance new solar PV power plants, increase rooftop solar PV installations and support the islands’ power sector reforms.
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.
Can a solar PV system boost economic growth in the Solomon Islands?
A pilot business model for rooftop solar PV systems will also be trialled at two schools in the country. Shane Rosenthal, ADB’s Pacific liaison and coordination office regional director, believes that upscaling renewable energy generation in the Solomon Islands could help unlock economic growth and prosperity.
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.
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.
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