FINNISH ENERGY STORAGE COMPANY SOLOMON ISLANDS
Introduction to the Solomon Islands new energy storage power station project
HONIARA, SOLOMON ISLANDS (12 September 2024)– The Asian Development Bank (ADB) and the Government of Solomon Islands are joining other partners to help Solomon Islands transition to renewable energy with a transformational project that will accelerate renewable energy generation and battery storage system installation, support power sector reforms, and promote private sector participation in the renewable energy generation. [pdf]FAQS about Introduction to the Solomon Islands new energy storage power station project
Who is financing a solar energy project in the Solomon Islands?
The Asian Development Bank, Saudi Fund for Development, and Solomon Power are all financing the project. A project is now underway on the Solomon Islands to help the country accelerate its renewable energy generation.
What's new at Solomon power station?
The project was completed by MAN diesel for over SBD120m. The new station has been commissioned and is currently in operation. Furthermore to improve the reliability Solomon Power invested in a new 11 kV switchboard, two 1.6 MW diesel generators and two new power transformers at Honiara Power Station.
How is the Solomon Islands project funded?
The project is being funded by a $10 million concessional loan and a $5 million grant from the Asian Development Bank (ADB), while the Saudi Fund for Development and state-owned Solomon Power are providing $10 million each. The government of the Solomon Islands is providing $7 million.
How many kilowatts of solar will be installed at Solomon power office?
Roof top solar – 220kilowatts at Solomon Power office. This will be commissioned toward end of November end this year. Planned Projects: Plans to acquire land with SDA mission on their land close to SP Lungga Station.
What is Solomon power's capital expansion programme?
With a capital expansion programme of over SBD1 billion, Solomon Power strives to develop and implement its planned capital and infrastructure projects over the next five years that will support its mission to provide a safe, reliable and affordable supply of electricity to the Solomon Islands.
When does Solomon power release its annual report?
Solomon Power. March, 2022. Annual Report 2021. SP. Solomon Power. March 2019. Annual Report 2020. SP. Solomon Power.
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