Highly vulnerable and isolated small island developing states (SIDS) in the Pacific are working together to improve the lives and livelihoods of their dispersed populations by building resilience to the impacts of climate change and expanding access to electricity through renewable energy.
Source: World Bank
The dispersed nature of the Soloman Islands’ islands and populations leads to high transportation costs, small economies, and high electricity costs. The country is using SREP $14 million to target these barriers through a variety of measures, including installing 60 mini-grids in rural villages using hydropower, biofuel, and solar PV.
Also to be financed are grid extensions to displace fossil fuel generation for an estimated 3,000 households on the islands of Honiara and Auki. The same SREP financing is helping to strengthen power system planning, develop 2 MW of utility-scale solar PV, and launch a fee-for-service model for household solar systems in rural areas.
About 80% of the 515,000 inhabitants do not have access to electricity - 93% of the population uses wood for cooking
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Electricity Access and Renewable Expansion Project – 2||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 6.55||FUNDING (USD MILLION)||MDBIBRD|
|Solar Power Development Project||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 6.20||FUNDING (USD MILLION) 9.00||MDBADB|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.