Entura will undertake feasibility assessments and due diligence on renewable energy projects in the Pacific.
The company was engaged by the Asian Development Bank to help Tonga and the Federated States of Micronesia (FSM) achieve their renewable energy targets.
Tonga comprises more than 170 South Pacific islands, many uninhabited, while FSM boasts more than 600 islands spread across the western Pacific Ocean.
Tonga has set a 50 per cent renewable energy target by 2020 and has identified 11 projects to achieve this.
FSM’s state utilities have identified a set of investments that will contribute towards achieving the aim of 30 per cent annual average renewable energy penetration by 2020 and 50 per cent by 2030, and assist in meeting FSM’s Paris Accord commitment of reducing emissions by 28 per cent by 2025 (from year 2000 levels).
“The FSM is the first Pacific country to submit a country program to the Green Climate Fund and is now set to start developing its nationwide priority projects,” Entura team leader and senior project manager Dean Haley said.
“These feasibility studies will support both Tonga’s and FSM’s applications to the Green Climate Fund for project finance.
“In the next phase, Entura will support the utilities with project design and procurement support to ensure that the projects can move ahead with confidence.”
In the first phase of the work, which is already underway, Entura will undertake technical, financial and economic feasibility assessments and due diligence on each of the renewable energy investment projects.
As well as helping Tonga and FSM meet their environmental targets, the renewable energy projects will also contribute to climate change adaptation programs for areas already witnessing rising sea levels and associated issues such as erosion of roads and sea walls, increased salinity, and damage to buildings.
New renewable energy developments will also expand the island populations’ access to modern, reliable energy services, enable greater energy security and reduce reliance on costly, emissions-intensive diesel fuel.