4 FAQs about Fiji equity energy storage project

Why should Fiji invest in Rei projects?

Fiji is vulnerable to climate change, which could increase the risk of flooding, worsen coastal erosion, harm biodiversity, and increase the frequency and severity of tropical cyclones. REI projects can help build a more disaster- and climate-resilient energy sector.

Does Fiji need more energy?

Renewable energy generation plays a critically important role in the energy mix, but there is substantial room for additional capacity. Hydropower provided nearly 60% of Fiji's electricity generation in 2021, and there are early solar, wind, and biomass generation projects.

How does the Electricity Act affect private investment in Fiji?

The Electricity Act also sets important incentives to private investment in electricity through the assignment of an independent regulatory body for the sector, and partial divestment of EFL to private investors. The issuance of licenses for generators wanting to operate in Fiji's electricity market is also governed by the Electricity Act.

Can Fiji achieve 100 percent electricity access by 2026?

Furthermore, CIF financing for rural electrification programs plays a crucial role in achieving Fiji's goal of 100 percent electricity access by 2026, given that, without donor funding, the rate of return on these projects would most likely not be sufficient to attract private sector investment.

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