Fiji Agrophotovoltaic Project in Ovalau (GCF-FIJIAGROPHOTOVOLTAIC)

Countries
  • Fiji
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 22, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Fiji Development Bank (FDB)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Sep 3, 2020


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Project Description

According to the bank's documents, the project has two components "1) Establishing integrated microgrid with 4MWp Solar APV and 5MWh Battery Energy Storage System (BESS) targeting the reduction of GHG emission 2) Strengthening technical capacity for APV system and enhancing the project implementation and replication capacityThis project will request GCF financing for the establishment of a solar APV plant, and to provide technical assistance in the form of capacity building for the local community. The BESS will be provided by in-kind contribution from Korea International Cooperation Agency (KOICA)."

Investment Description

Contact Information

No contact information provided at time of disclosure.

ACCESS TO INFORMATION

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