18 May Masdar finalises five renewables projects in the pacific
Abu Dhabi’s Masdar has completed five new solar and wind projects in the Pacific islands as part of the UAE-Pacific Partnership Fund (UAE-PPF), helping the countries save on diesel fuel imports.
The renewables projects mark the completion of the second cycle of the UAE-PPF, a US$50m initiative that funds renewable energy projects across the Pacific. The projects were provided by Masdar in partnership with the Ministry of Foreign Affairs and International Cooperation and grants were given from the Abu Dhabi Fund for Development (ADFD).
“A core part of our mission is to help countries achieve sustainable development,” said Mohammed Al Suwaidi, general director of the ADFD. “In the Pacific islands, securing a stable and efficient supply of clean energy is a critical pillar of each nation’s growth strategy.”
In addition to the first cycle’s six projects, the small wind and solar projects will provide 6.5MW of power to 11 countries.
The first two cycles will save 3.2 million litres of diesel fuel a year. These countries lack many natural resources and must almost exclusively rely on imported diesel to generate power, causing high electricity bills.
The International Renewable Energy Agency (IRENA) said the fund helped the islands diversify energy strategies.
Adnan Amin, general director of IRENA noted: “The falling cost of renewable energy offers an opportunity for islands to rethink their energy strategies and implement programmes that create jobs and economic opportunity, all while delivering more reliable electricity services.”
Mohamed Al Ramahi, CEO of Masdar explained each project was highly customised for the needs of the local communities.
Masdar’s current projects include a 1MW solar plant in the Solomon Islands, a 500kW solar plant in Nauru, a 600kW plant in the Marshall Islands and a 600kW solar plant in Micronesia.