Solomon Islands Small PV Energy Storage Project

4 FAQs about [Solomon Islands Small PV Energy Storage Project]

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.

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.

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.

How much is the Solomon Islands infrastructure project worth?

The financing package for the project is worth over US$200 million. This package, through loans and grants from six institutions, marks the first large-scale infrastructure project for Solomon Islands to be developed as a public-private partnership (PPP).

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