REEEP recently selected four organisations to receive funding for innovative sustainable energy projects in the Pacific, and have waitlisted an additional three.
These projects include the expansion of the energy performance standards and labeling scheme in selected South Pacific Islands, energy auditing in selected North Pacific Islands, the development of new microfinance systems in the Pacific to increase clean energy lending, and the implementation of Renewable Energy Act in Tonga.
Under a similar scheme, REEEP recently completed implementation of a unique microfinance project which enabled Solomon Islanders to barter crops for solar panels, providing much needed light to remote rural communities.
“Projects like this create business opportunities for local industry while significantly reducing the countries’ vulnerability from dependence on imported fossil fuels”, Regional Director South East Asia Pacific REEEP Eva Oberender said. “REEEP funding provides the opportunity to test new clean energy or energy efficiency models that then can be applied on a larger scale” said CEO of Greenlight Technology Group Chris Andrew. Greenlight is one of the Australian companies whose innovative idea has been chosen for application in the Pacific region.
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“In allocating the funding, we were specifically looking for fresh approaches to accelerate clean energy market development – projects that can be scaled up and replicated in other regions of the world. Greenlight’s sectoral application across the tourism industry will do just that by enabling smarter energy use and reducing greenhouse gas emissions,” explained Ms Oberender.
“The Greenlight project will have the positive side effect of enabling communities to save large amounts of money off their electricity bills,” Ms Oberender added.
AusAID has previously contributed funding to REEEP projects in the region, including $1.5 million that was made available under REEEP’s 7th Global Funding Round.
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