St. Lucia receives $15m for 10MW Troumasse solar plant

St. Lucia is among developing countries to benefit from a $105m Irena/Abu Dhabi fund for renewables projects in developing nations.

Finance from the Irena/Abu Dhabi Fund for Development Project Facility will enable the construction of 44MW of wind and solar power

The funds from the Irena/ADFD Project Facility will be used for wind, solar, waste-to-energy and biogas projects in Antigua and Barbuda, Burkina Faso, Chad, Cuba, the Maldives, Nepal, St Lucia, and St Vincent and the Grenadines.

The eight recipient projects are:

  • Antigua and Barbuda: A $15m investment for a 8MW hybrid solar/wind project.
  • Burkina Faso: A $5.5m loan for a 3MW solar plant that will extend electricity to about 40,000 rural citizens and support up to 1,000 local businesses.
  • Chad: A $15m loan for a 6MW solar plant that is expected to benefit more than 215,000 people in six cities.
  • Cuba: A $20m loan for a 8.5MW PV project with 2MW of energy storage on the Isla de la Juventud, which will benefit 32,300 people.
  • Maldives: A $14m loan for a 1.5MW waste-to-energy plant that will reduce dependence on imported fossil fuel and benefit 35,000 people.
  • Nepal: A $10m loan to support 20 biogas digesters, which convert organic waste into renewable natural gas.
  • St Lucia: A $15m loan for the 10MW Troumasse solar plant, battery storage and “setting up solar energy systems in the country”.
  • St Vincent and the Grenadines: A $10m loan for a 7MW solar project that will reduce dependence on imported diesel.

SOURCE: RECHARGE NEWS