Original disclosure @ ADB website
Updated in EWS Dec 11, 2020
Disclosed by Bank Nov 26, 2020
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According to the bank Websire, "The South Tarawa Renewable Energy Project (STREP or the Project) will support the upscaling of solar power generation in Kiribati. The Project will reduce dependence on fossil fuel imports by increasing renewable energy (RE) percentage of electricity generation. STREP has three outputs: (i) solar photovoltaic and battery energy storage system installed; (ii) draft energy act to enable increased deployment of renewable energy developed; and (iii) institutional capacity for inclusive renewable energy project development and implementation enhanced.
The South Tarawa Renewable Energy Project (STREP-the project), ADB's first in Kiribati''s energy sector, will finance climate-resilient solar photovoltaic generation, a battery energy storage system, and will support institutional capacity building including the development of an inclusive and gender-sensitive renewable energy enabling framework while addressing barriers to private sector investment. The project will help South Tarawa increase renewable energy grid penetration from 9% to 44%, thereby exceeding the government target for South Tarawa of 36% renewable energy penetration by 2025. Increased solar generation will benefit the economy through reduced importation of fossil fuels and placing downward pressure on tariffs. Utilization of renewable energy also reduces GHG emissions which contribute to global warming and rising sea levels that render Kiribati among the most vulnerable."
Tiangco, Cinderella C. (Project Officer)
Project contacts not available at the time of disclosure.
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