Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Solomon Islands
Location: Kirakira, Lata, Malu’u, Munda, and Tulagi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-21
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Government of Solomon Islands
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 2.24 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 8.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-08-07
Disclosure Date: 2016-09-30
Solar Power Development Project
ADB-48346-002

Project Description
The project will support the development of renewable energy in Solomon Islands to (i) decrease the cost of generating electricity by replacing diesel power generation with cheaper solar power and (ii) reduce greenhouse gas emissions. The project will be financed through an Asian Development Bank (ADB) grant and an externally financed grant that ADB will administer. The project will increase renewable energy generation in five of the eight Solomon Island provincial grids: Kirakira, Lata, Malu’u, Munda, and Tulagi. The project will help the country replace diesel generation with solar power hybrid grids including battery storage. This will be the first solar power project in Solomon Islands supported by battery storage. Following the project, solar power will generate about 78% of the electricity in the five targeted provincial grids. Project preparatory technical assistance was used in project preparation. The project will have two outputs: (i) Five grid-connected solar power plants. The project will construct a total of 2 MW of grid-connected solar power generation at five provincial grids. Solar power capacity will be installed at Kirakira (320 kilowatts [kW]), Lata (290 kW), Malu’u (140 kW), Munda (1,000 kW), and Tulagi (250 kW). The project will include the installation of battery storage, which will allow high penetration rates of intermittent solar power. Battery storage sizing has been optimized and will replace from 66% to 87% of diesel generation at each site.11 The project will include innovative technology in remote monitoring and control of the hybrid systems. (ii) Capacity building. A training program will be conducted for Solomon Power operators on O&M of small grid-connected solar–diesel hybrid systems.
Investment Description
Strategic Climate Fund US$ 6.20 million
Contact Information
Ministry of Mines, Energy and Rural Electrification P.O Box G37, HONIARA, Solomon Islands ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main
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