July 11, 2024

UNELCO to Invest VT 300M in Solar PV Plant in Vanuatu

In a significant step towards Vanuatu’s renewable energy ambitions, Union Electrique Du Vanuatu Limited (UNELCO) has announced a landmark investment of VT 300 million in a new 3 MWp solar PV facility. This project aligns with Vanuatu’s national strategy to achieve 100% renewable electricity by 2030 and is financed through the Port Vila Concession tariff for the 2020-2025 period.

Expanding Renewable Capacity with UNELCO to Invest VT 300M in Solar PV Plant in Vanuatu

Slated for commissioning by mid-2025, the new solar farm will be developed on the Kawene plateau in Efate. It will join an existing wind farm and solar installation, creating a major renewable energy hub and becoming the largest solar farm in the country. The plant is projected to generate over 4.2 million kWh of clean electricity for Efate’s residents annually, boosting the island’s total renewable energy capacity by a substantial 38%.

Economic and Environmental Benefits of UNELCO to Invest VT 300M in Solar PV Plant in Vanuatu

The project is set to deliver considerable environmental and economic advantages. By displacing more than 1 million litres of imported fossil fuels each year, the facility will cut annual carbon emissions by an estimated 2,500 tons. This reduction in fuel dependency is also expected to translate into direct savings for consumers, with an anticipated 2% decrease in the Port Vila electricity tariff.

A Stepping Stone to Future Energy Storage with UNELCO to Invest VT 300M in Solar PV Plant in Vanuatu

This initiative represents a key collaboration between the Vanuatu government, through the Ministry of Climate Change Adaptation (MoCCA), and concessionaire UNELCO. The 3 MWp plant is notable for being the final large-scale, direct-to-grid solar installation planned without an integrated battery system. Future developments will require energy storage solutions to ensure grid stability, such as the upcoming Renewable Energy Solar and Storage on Efate and Tanna (RESSET) project, which will pair 5 MWp of solar generation with a 6.75 MWh storage battery.

UNELCO’s Commitment to a Sustainable Vanuatu with Investment in Solar PV Plant

As Vanuatu’s primary electricity provider, UNELCO is pivotal in advancing the nation’s transition to a more resilient and sustainable energy system. The company’s strategy involves progressively integrating renewable sources into its generation mix, enhancing grid infrastructure, and engaging with the community on sustainable energy practices. This new solar farm underscores UNELCO’s commitment to supporting Vanuatu’s sustainable development goals and contributing to global climate action.

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