SAP016
Fiji Agrophotovoltaic Project in Ovalau
Fiji Agrophotovoltaic Project in Ovalau
Fiji produces over half of its electricity from hydropower. However, the volatility of annual rainfall in recent years, along with an increase in climate variability, has compounded problems caused by the lack of a stable electricity supply.
This project aims to overcome barriers of financing, technical capacity, and limited availability of land by supporting an innovative technology that combines photovoltaic power generation and agricultural production. It will do this by financing a 4 MW solar agrophotovoltaic (APV) system and 5MW battery energy storage system (BESS) in Ovalau, Fiji’s sixth largest island. It will develop solar power generation simultaneously with battery storage and, as a co-benefit, boost local agricultural production. A key feature of this initiative is the way it will provide technical assistance to strengthen the capacity of local communities while also establishing a climate project financing facility within Fiji's Development Bank (FDB).
Project timeline
Pipeline
30 Apr 2019 - 480 days
Concept note received
30 Apr 2019
Funding proposal received
13 Jan 2020
Cleared by GCF Secretariat
07 Apr 2020
Cleared by iTAP
28 Jul 2020
Approved
21 Aug 2020 - 1,552 days so far
Approved by GCF Board
21 Aug 2020
Legal opinion on AE's Internal Approval
11 Dec 2020
FAA executed
23 Apr 2024
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Grant | USD 1,100,000 |
Loan | USD 3,900,000 |
Total GCF Financing |
---|
USD 5,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 1,000,000 |
Co-Financing | In-kind | USD 4,000,000 |
Total Co-Financing |
---|
USD 5,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Fiji Development Bank
Chief Executive Officer
G.P.O. Box 104, Suva, 360 Victoria Parade, Suva, Fiji
Manager Climate & Eco-Finance
G.P.O. Box 104, Suva, 360 Victoria Parade,, Suva, Fiji
More contacts
National Designated Authority
Office of the Prime Minister
Prime Minister and Minister for Climate Change
New Wing, Government Buildings,, Suva, Fiji
Permanent Secretary - Ministry of Environment and Climate Change
Documents
Title | Type | Date |
---|---|---|
Gender action plan for SAP016: Fiji Agrophotovoltaic Project in Ovalau | Gender action plan | 07 Oct 2020 |
Gender assessment for SAP016: Fiji Agrophotovoltaic Project in Ovalau | Gender assessment | 07 Oct 2020 |
Fiji Agrophotovoltaic Project in Ovalau | Approved funding proposal | 17 Sep 2020 |