Previously known as Ellice Islands, Tuvalu lies only three feet above sea level, hence it knows and is likely to experience the damaging effects of climate change first hand. The country wants to achieve 100% renewable energy target by 2020, and the ADB backed project will help it in its objective. (Photo Credit: Tuvalu Government/Twitter)
- The ADB is supporting the development of Increasing Access to Renewable Energy Project in Tuvalu with a grant of $6 million
- Tuvalu government is also committing $480,000 to the project through which it hopes to increase the share of renewable energy in the country
- Proceeds will support the installation of a rooftop solar and battery storage project in the capital Funafuti and also implement ground-mounted PV systems in the outer islands of Nukufetau, Nukulaelae and Nui
- The island nation aims to reduce diesel power generation with this project and increase clean energy contribution for Funafuti from 15% to 32% and from around 70% to over 90% in its outer islands
Engie Secures $65.5 Million From Asian Development Bank To Build 200 MW AC Solar Project At Raghanesda Solar Park In Gujarat, India
(16. September 2020)
35 MW AC Solar Project In Bangladesh, Being Developed By Shunfeng Group SPV With Spectra Engineers Limited, Secures $17.7 Million Financing From ADB
(12. June 2020)
TTC Energy Development Raises $37.8 Million Financing Package Coordinated By ADB For 50 MW Gulf Solar Power Project In Vietnam
(27. January 2020)
The tiny island nation of Tuvalu in the South Pacific region will install a rooftop solar PV system with battery energy storage system of unidentified capacity in its capital city of Funafuti. The Asian Development Bank (ADB) is supporting the project with a $6 million grant under its Pacific Renewable Energy Investment Facility which provides funding to small island nations in the region (see ADB & USAID To Mobilize $7Bn For 6 GW Clean Energy).
The Government of Tuvalu, previously Ellice Islands, is also contributing to the project with $480,000.
Along with the rooftop solar and battery storage in Funafuti, the grant will also enable Tuvalu to implement climate-resilient, ground-mounted solar PV systems in the outer islands of Nukufetau, Nukulaelae and Nui. On completion of the project, 35% of the electricity delivered to the Tuvalu denizens during daytime will come from renewable energy. Through this project, Tuvalu Electricity Corporation will also train its staff in renewable energy project development and implementation.
As the first ADB supported energy sector project in the country, the Increasing Access to Renewable Energy Project will bring down consumption of diesel generated power and increase clean energy contribution for Funafuti from 15% to 32% and from around 70% to over 90% in its outer islands.
With climate change threatening the rise of sea levels that endangers the very existence of low-lying Tuvalu, the country aims to go 100% renewable in its electricity mix and increase energy efficiency by 30% by the year 2020.
There already are a couple of rooftop solar systems installed on the island group. As per Go100Percent.org, part of the Renewables 100 Policy Institute, there is a 40 kW system in Funafuti and another 46 kW system.