The Asian Development Bank’s (ADB) Board of Directors has approved the disbursement of a loan of up to $2 million to develop solar energy capabilities and coverage in Samoa. The ADB-administered Canadian Climate Fund for the Private Sector in Asia will provide an additional $1 million concessional loan and also a preparatory technical assistance grant to help overcome some of the early stage barriers to solar power development in the country. Under the financing package, Jarcon Pty Limited and Sun Pacific Energy Limited (SPEL) will expand a 2.2 MW solar farm in Samoa that is in partial operation.
The project will install up to 4 MW of solar power generation, owned and operated by SPEL, an independent power producer (IPP), who sells power to Samoa’s state-owned utility Electric Power Corporation. According to ADB, the facility is expected to help the country lower its dependence on fossil fuels by generating an estimated 5.5 GWh of solar power annually for 20 years, and save an estimated 1.7 million liters of diesel per year
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