Underpinned by financing from the Abu Dhabi Fund for Development, UAE renewable energy company Masdar has commenced construction on four solar PV projects in the Pacific Islands region.
The $50 million, 1.8 MW project will see solar added to four Pacific Islands countries as part of the UAE-Pacific Partnership Fund. Fiji, Kiribati, Tuvalu and Vanuatu are the chosen locations for the PV plants, which once completed will contribute to fuel savings of around $2 million per year.
These four projects represent Masdars second solar foray into the region after the Abu Dhabi-based company completed the Laa Lahi Big Sun solar plant in Tonga in November 2013. Masdar also commissioned a wind farm in Samoa in August this year as part of the UAE-Pacific Partnership Fund.
The fund was launched in March 2013 by the UAEs minister of foreign affairs, His Highness Sheikh Abdullah bin Zayed Al Nayhan, with the countrys Directorate of Energy and Climate Change administering the funds and project planning.