Will Pohnpei get a 5 MW solar power farm?

PEPP's proposed $20 million 5 MW solar power farm for Pohnpei would help to establish the Federated States of Micronesia as a world trendsetter in the application of renewable energy. It would give the FSM greater energy independence.

How much does a solar project cost in Pohnpei?

After just 15 years, the entire project, capitalized at over $20 million, will transfer, without cost, to the State of Pohnpei, providing it with many more years of free renewable energy using the best solar technology. The solar project in Pohnpei is a concept that can be replicated by other Small Island Developing States.

How did Pohnpei solve its electricity shortage?

Even before incorporating, PEPP immediately mobilized a team, together with accredited USA-based strategic partners, who devised a plan for easing Pohnpei's electricity shortage by constructing a solar power farm on Pohnpei and amortizing the cost through a Power Purchasing Agreement with the PUC.

Will Pohnpei slash electricity costs?

Without fanfare, PEPP launched a whirlwind of consultations with stakeholders, who swiftly coalesced around our plan to slash electricity costs to Pohnpei consumers. The project will reduce Pohnpei's carbon footprint significantly. It will also safeguard Pohnpei's energy needs for many years to come.

How much does Pohnpei cost per kWh?

Pohnpei currently pays approximately $.52/kWh in diesel fuel costs. PEPP's project would cut that cost to virtually zero. It would also dramatically diminish Pohnpei's carbon footprint by eliminating the need to import so many bulk shipments of diesel.