Fiji produces over half of its electricity from hydropower. However, the volatility of annual rainfall in recent years, along with an increase in climate variability, has compounded problems caused by the lack of a stable electricity supply.
This project aims to overcome barriers of financing, technical capacity, and limited availability of land by supporting an innovative technology that combines photovoltaic power generation and agricultural production. It will do this by financing a 4 MW solar agrophotovoltaic (APV) system and 5MW battery energy storage system (BESS) in Ovalau, Fiji’s sixth largest island. It will develop solar power generation simultaneously with battery storage and, as a co-benefit, boost local agricultural production. A key feature of this initiative is the way it will provide technical assistance to strengthen the capacity of local communities while also establishing a climate project financing facility within Fiji’s Development Bank (FDB).
FIJI GOVERNMENT – Fijian Attorney-General officiates at the launch of the Ovalau Solar Initiative