Global Green Growth Institute
room 19F Jeongdong Bldg., 21-15 Jeongdong-gil, Jung-gu Seoul 04518
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Mainstreaming Investment in green energy in the Pacific

IATI Identifier: XM-DAC-47136-FJ08

Published on IATI
  • date_range Feb 18, 2020 - Dec 31, 2022
  • autorenew Closed (Status)

Building upon work carried out in 2018-2019 (FJ1-3GIS and VU1-2000-1), green energy projects in the Pacific (Fiji and Vanuatu) are designed and demonstrated to be financially viable, maintaining an active pipeline of over $20m USD in green energy projects in the region. This project will include the following activities: - Financial analysis for potential projects and design a business case/financial model for identified projects; - Support projects access to relevant funding entities (mobilizing finance); - Provide support to the national development bank and potentially other financial institutions in the design of distinct financial instruments for green energy (taking into consideration social inclusion, gender and pro-poor instrument design in order to open up access to finance). The following green energy proposals will fall under this Project: 1. Support Fiji Rice and the Sugarcane Growers Fund in accessing finance to access solar energy, 2. Developing a financial instrument with Fiji Development Bank (FDB) to support MSMEs access solar energy, 3. Mobilizing finance for rooftop solar for social housing in Fiji, 4. Savusavu solar for off-grid hotels (Blue Town Model- Fiji) 5. Off-grid solar for hotels and other businesses in Vanuatu 6. Other projects as they are identified and enter the pipeline

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Sectors:
  • Solar energy for isolated grids and standalone systems

Participating Organisations

Global Green Growth Institute Multilateral Implementing
Global Green Growth Institute Multilateral Funding

Transaction

Transaction Value Provider
Receiver
Type Date
21,579 USD Provider N/A Receiver N/A Incoming Funds
date_range Jan 01, 2022
37,963 USD Provider N/A Receiver N/A Expenditure
date_range Feb 18, 2020
21,549 USD Provider N/A Receiver N/A Expenditure
date_range Feb 18, 2020

Budget

66,091 USD
  • 40,534 USD (Valued at Dec 31, 2020)
    date_range Feb 18, 2020 - Dec 31, 2020
  • 25,557 USD (Valued at Dec 31, 2020)
    date_range Feb 18, 2020 - Dec 31, 2020
access_time Updated on Sep 13, 2023 15:52:55