What is Vanuatu's New solar farm?

Set to be constructed by the Vanuatu Electricity Authority (VEA) in collaboration with the Asian Development Bank (ADB) and the European Union (EU), this solar farm boasts a capacity of 5 megawatts. Upon completion, it is expected to produce 7,500 megawatt-hours of electricity annually, enough to power around 2,000 local homes.

Is solar a good idea for Vanuatu?

Antony Garae, Director of the Vanuatu Department of Energy, said this project is a great boon to his country, where 80 percent of rural residents lack electricity. “Solar is the best solution for these areas not only because of its obvious contributions to climate change mitigation but because fuel is costly and difficult to transport,” he said.

Does Vanuatu have a carbon credit?

Vanuatu has tabbed on the carbon credit market to be able to sell its carbon emission offset to the Swiss government as their National Determined Contribution (NDC) for instance a 10kwh of solar will be equivalent to how much fuel used is offset and purchased by the Swiss government as their NDC.

Will ITMO revenues facilitate a green transition in Vanuatu?

The bilateral agreement with Switzerland was signed with the expectation that ITMO revenues will facilitate a green transition in Vanuatu, contributing to the achievement of the NDC targets, including the financial sustainability on the NGEF operations.