The Fiji Development Bank is currently undergoing an environmental impact assessment (EIA) for its $10 million (FJ$22.78 million) solar farm project in Bureta, Lau. Acting CEO Titilia Vakaoca-Kamil provided updates on the project while presenting the bank’s financial reports for 2022 and 2023 to the Parliamentary Standing Committee on Economic Affairs. She emphasized the bank’s collaboration with the Environment department to ensure compliance with EIA processes and conditions.
Vakaoca-Kamil noted that the bank has been accredited under the Green Climate Fund since 2017, and this solar project marks a significant milestone. The site’s location was adjusted following local community input, and the developer is working to meet the necessary environmental regulations associated with the new site.
In addition to generating solar power, the project spans 17 acres of land leased from Bureta villages, where local communities will engage in farming activities, growing root crops and vegetables beneath the solar panels. This innovative arrangement not only promotes renewable energy but also supports local agriculture, highlighting the dual benefits of the project.
The Ovalau APV project is the bank’s first initiative funded by the Green Climate Fund. It took nearly five years for the $5 million (FJ$11.39 million) funding application to be approved, showcasing the commitment and perseverance of the Fiji Development Bank in pursuing sustainable energy solutions.
This project illustrates a progressive step towards renewable energy in Fiji, while also empowering local communities through agricultural involvement. It represents a hopeful future where sustainable energy and local livelihoods can coexist and flourish.
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