Pacific prospects

AI Summary

More than 70 renewable energy projects worth a combined $2.2 billion are underway across 14 Pacific Island nations. A new investment prospectus estimates that about $14 billion is needed over the next decade for 2.2 GW of renewable capacity and 8.9 GWh of storage to meet current electricity demand.

More than 70 renewable energy projects, with a combined value of $2.2 billion, are currently in progress across 14 independent Pacific Island nations. Research compiled for the new “Pacific 100% Renewable Energy Investment Prospectus (PREIP)” report finds that around $14 billion would be needed over the next decade to build 2.2 GW of renewable energy capacity and 8.9 GWh of energy storage, and meet current electricity demand, not including electrification of transport or other potential sources of new demand. The post Pacific prospects appeared first on pv magazine Global.