SAP016

Fiji Agrophotovoltaic Project in Ovalau

Fiji Agrophotovoltaic Project in Ovalau

 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). 

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

30 Apr 2019 - 480 days

Concept note received

30 Apr 2019

Funding proposal received

13 Jan 2020

Cleared by GCF Secretariat

07 Apr 2020

Cleared by iTAP

28 Jul 2020

Approved

21 Aug 2020 - 404 days so far

Approved by GCF Board

21 Aug 2020

Legal opinion on AE's Internal Approval

11 Dec 2020

Under implementation

Completed

One region

  • Asia-Pacific

One country

One priority group

  • Small Island Developing States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
GrantUSD 1,100,000
LoanUSD 3,900,000
Total GCF Financing
USD 5,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 1,000,000
Co-FinancingIn-kindUSD 4,000,000
Total Co-Financing
USD 5,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Fiji Development Bank
Mr. Saud Minam
Chief Executive Officer
G.P.O. Box 104, Suva, 360 Victoria Parade, Suva, Fiji
Phone (679) 3314866
Phone (679) 9908209
Saud.Minam@fdb.com.fj
Ms. Setaita Draunidalo Tamanikaiyaroi
Manager, Marketing and Business Development
G.P.O. Box 104, Suva, 360 Victoria Parade,, Suva, Fiji
More contacts

National Designated Authority

Fiji
Ministry of Economy
Mr. Shiri Gounder
Acting Permanent Secretary for Economy
Ministry of Economy, Ro Lalablavu House, Victoria Parade, Suva, Fiji
Phone +679-3221133
shiri.gounder@economy.gov.fj
Mr. Vineil Narayan
Acting Head of Climate Change and International Cooperation Division
Ministry of Economy, Ro Lalablavu House, Victoria Parade, Suva, Fiji
Phone +679-3221168
vineil.narayan@economy.gov.fj

Documents