Webinar 2: Emerging Areas Sustainable Solutions Investment Facility: Regional Procurement
Series: ADB Data Room: Emerging Areas Sustainable Solutions Investment Facility
Regional Procurement
29 August 2024
ADB presented a briefing on an upcoming procurement package for ADB-funded renewable energy projects in Kiribati and Tuvalu. This innovative regional procurement approach involved the introduction of the climate-adapted floating PV technology and the application of the generated energy to productive uses under the Tuvalu Increasing Access to Renewable Energy Project Additional Financing (IAREP AF) and the proposed Kiribati South Tarawa Renewable Energy Project (Phase 2) (STREP 2).
Due to the land constraints in most Pacific Island Countries, deploying solar PV plants floating near-shore on lagoons and other water surfaces exploits solar resource potential without using scarce land spaces. Floating Solar Photovoltaic (FPV) Systems are an adaptive technology requiring no dry land that can rise with rising sea levels, ride waves, and float with the tides. They are resilient by design due to the flexible cables and mooring system. The regional procurement approach enabled the standardization of equipment as well as economies of scale, as envisioned in ADB’s differentiated approach for small island developing states.
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