The Asian Development Bank (ADB) has approved a $6 million grant to the Government of Tuvalu to help fund expanded access to modern energy services in Tuvalu, a Polynesian island country in Oceania.
The grant will be used to improve the quality, reliability, and climate resilience of the energy sector and reduce the country’s heavy reliance on fossil fuels for power generation, while making the cost of power generation more affordable.
The Increasing Access to Renewable Energy Project will reduce diesel generation and increase the renewable energy contribution from 15 percent to 32 percent in Funafuti and from around 70 percent to over 90 percent in Tuvalu’s outer islands.
“The project is the first ADB-supported energy sector project in Tuvalu,” said Olly Norojono, director of ADB’s Pacific Energy Division. “It will increase the utilization of renewable energy in the country and reduce greenhouse gas emissions in the country’s power subsector.”
