The Green Climate Fund is providing a $12 million grant as additional financing to the Cook Islands Renewable Energy Sector Project, which will help the country transition to renewable energy.
The project, co-financed by the Asian Development Bank, the European Union, and the Government of Cook Islands, was approved in October 2014, with the Global Environment Facility approving it in 2016.
The project is designed to lower the Cook Islands’ reliance on fossil fuels under a plan to build solar-powered plants on five of its islands.
The additional assistance from GCF will provide funding for the installation of three units of a battery energy storage system with a preliminary capacity of 3MW and 12MWh, which will enable an additional 6MW of PV capacity to be connected to the grid.
The current project is to construct up to five solar PV power plants with batteries to store electricity from solar energy, rehabilitate the existing distribution network for Phase 1 subprojects, and provide institutional support to the government to develop the energy efficiency policy implementation plan, according to ADB.
The project will help the Cook Islands aim of delivering renewable energy to all its islands by 2020.
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