The Asian Development Bank (ADB) has approved a $6 million grant to the Government of Tuvalu to help fund expanded access to modern energy services; improve the quality, reliability, and climate resilience of the energy sector, and reduce the country’s heavy reliance on fossil fuels for power generation, while making the cost of power generation more affordable.
The Increasing Access to Renewable Energy Project will reduce diesel generation and increase the renewable energy contribution from 15% to 32% in Funafuti and from around 70% to over 90% in Tuvalu’s outer islands.
“The project is the first ADB-supported energy sector project in Tuvalu,” said the Director of ADB’s Pacific Energy Division Mr. Olly Norojono. “It will increase the utilization of renewable energy in the country and reduce greenhouse gas emissions in the country’s power subsector.”
The grant will fund the installation of rooftop solar photovoltaic and battery energy storage systems in Funafuti as well as the implementation of climate resilient, ground-mounted, solar photovoltaic systems in the outer islands of Nukufetau, Nukulaelae, and Nui. The systems will allow short, regular periods of energy being generated only from renewable sources, which is a positive step towards the country’s target of 100% renewable energy penetration.
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