The Ministry of Economy and the Korea International Cooperation Agency signed a Memorandum of Understanding yesterday, laying out a joint commitment to a major new renewable energy project in Fiji.

KOICA will provide $7million for a solar energy installation for Taveuni Island, which will complement and enhance the current hydropower plant and ensure that electricity generation on the island remains renewable for many years to come.

The project on Taveuni is part of Fiji’s Nationally Determined Contribution Implementation roadmap and its recently-launched Low Emission Development Strategy.

Permanent Secretary of Economy, Makereta Konrote says the new agreement is another step towards implementation of our national target of 100% renewable electricity and meeting our international commitment to the Paris Agreement to cut Fiji’s emissions by 30% by 2030.

Director of the KOICA to Fiji Jihi Kim, says they believe that the solar power will benefit more than 18,000 residents on Taveuni Island.

The solar project will be implemented by Energy Fiji Limited , in partnership with the Government and KOICA.