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.

Will Solomon power fund grid-connected solar PV?

Solomon Power has identified three possible sites for grid-connected solar PV, not all of which are likely to be funded under the Project. These include: Honiara substation owned by Solomon Power that could be used to install approximately 0.5MW to 0.6MW of grid-connected solar PV.

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.

Does Solomon power own land for solar PV micro & mini-grid sites?

Solomon Power has undertaken land surveys for solar PV micro and mini-grid sites at Lambi, Ulawa, Santa Ana, and Visale. The surveys identified land that is either government owned or available for lease at these locations. Some preliminary results show that in Lambi, only one site was identified for the solar hybrid.