The Asian Development Bank (ADB) and Sun Pacific Energy Ltd (SPEL) have signed a US$2.8 million (approximately AU$4.3 million) loan to expand renewable energy generation in Samoa. The financing will upgrade and expand SPEL's Upolu Solar Farm—Samoa's first independent power producer (IPP)—by installing high-efficiency solar panels.
The financing will upgrade and expand SPEL's Upolu Solar Farm—Samoa's first independent power producer (IPP)—by installing high-efficiency solar panels. The expansion is expected to deliver 9.6 gigawatt-hours of clean energy annually and cut carbon dioxide emissions by a further 1,944 tonnes.
The plant, located at Faleolo International Airport, operates under a 20-year power purchase agreement with the state-owned Electric Power Corporation. Samoa has faced mounting pressure on its power grid, with prolonged outages caused by generator failures, storm damage, and surging demand.
The mandate also includes addressing critical environmental, social, and gender considerations to ensure the project's sustainability and inclusiveness. Samoa currently relies on imported fossil fuels for approximately 69% of its electricity generation, leaving the country vulnerable to volatile oil prices.
ADB has signed a transaction advisory services agreement with Samoa''s Electric Power Corporation (EPC) to support the development of a solar photovoltaic and battery energy storage
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