4 FAQs about Solomon Islands Solar Containerized Mine Use 200kW
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.
How much will a solar PV project cost in Solomon Islands?
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.
How will solar power benefit the Solomon Islands?
By increasing the generation capacity of renewable energy facilities, solar power will provide access to electricity for low-income households in peri-urban and rural areas of the Solomon Islands.
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.