Fiji Agrophotovoltaic Project in Ovalau

  • Mitigation
  • Terminated
Date approved
21 Aug 2020
ESS Category
Category C
Financing
Private sector
Entity
Fiji Development Bank

Overview

 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). 

Result areas

Project timeline

  • Pipeline

    480 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    2,125 days so far

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    Not started

  • Terminated

  • Total project value $ 9.0 million

  • Tonnes of CO2 equivalent avoided 91.6 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 9.0 million

Show details

GCF-financing

  • Grant USD 1,100,000
  • Loan USD 1,500,000
  • Total GCF-financing USD 2,600,000

Co-financing

  • Loan USD 2,400,000
  • Inkind USD 4,000,000
  • Total co-financing USD 6,400,000

Documents

Project contacts

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