The Fiji Development Bank is currently conducting an environmental impact assessment (EIA) for its $10 million solar farm project located in Bureta, Lau. Acting CEO Titilia Vakaoca-Kamil provided updates on the project during the presentation of the bank’s financial reports for 2022 and 2023 before the Parliamentary Standing Committee on Economic Affairs.
She noted that the bank has been collaborating with the Environment Department throughout the EIA process. The bank was accredited under the Green Climate Fund in 2017, and this project represents one of its key initiatives. According to Mrs. Vakaoca-Kamil, the developer has adjusted the proposed site for the solar farm after feedback from the local community, and they are currently working to confirm that the new site complies with all environmental conditions stipulated by the department.
The Ovalau APV project marks the first initiative funded by the Green Climate Fund for the Fiji Development Bank, which took nearly five years for a $5 million funding application to be approved. The solar power system, with a capacity of 4 MWp, will occupy 17 acres of land that has been leased from local villages. Additionally, local communities will engage in agricultural activities beneath the solar panels, focusing on growing root crops and vegetables.
This project not only symbolizes a significant investment in renewable energy but also promotes community involvement and sustainable practices. As the EIA progresses, it reflects the commitment of the Fiji Development Bank to environmental accountability and community engagement, paving the way for a greener future in the region.
In summary, the project promises a dual benefit: advancing clean energy while supporting local agriculture, setting a model for sustainable development in Fiji.
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