Palauâ€™s Minister of Finance Elbuchel Sadang returned recently from the United Arab Emirates where he signed an agreement on behalf of Palau to receive a renewable energy project valued at up to $5 million.
The ceremony took place on Jan. 17, 2015, during the 5th Assembly of the International Renewable Energy Association in Abu Dhabi.
Signing the agreement on behalf of the United Arab Emirates was Dr. Sultan Al Jaber, minister of state and chairman of Abu-Dhabi Future Energy Company PJSC-MASDAR.
Under a grant from the Abu Dhabi Fund for Development, technical experts from MASDAR will work with Palau Public Utilities Corp. to augment the existing PV array in Peleliu with a 100 kW solar photovoltaic installation and deploy two 75 kW low-load diesel generators in order to maximize the amount of solar energy fed into the grid. The Fund will also build a 100 kW solar photovoltaic installation together with a 100 kW low-load diesel generator to provide power in Angaur, as well as a water treatment system capable of producing 50 cubic meters of potable water per day.
In addition to the projects for Peleliu and Angaur, the UAE is providing support to the National Development Bank of Palau to reinstate its popular Renewable Energy Subsidy Loan Program. Up to one hundred 1.7 kW solar systems will be made available for this effort to connect homes and small businesses to the grid in Koror.
Palau first established diplomatic ties with the United Arab Emirates in 2009 at the time of the launch of the International Renewable Energy Association.
Palau is looking to reduce its dependence on fossil fuels by exploring alternative energy sources, an important area of partnership with the UAE.
Given the topography and resource basis, MASDARâ€™s expert team has determined that solar PV is the most suitable renewable energy technology for the islands at this time. The projects in Peleliu and Anguar should be underway by the end of May, and the National Development Bank of Palau will soon be accepting applications for the Renewable Energy Subsidy Loan Program.
Originally from Marianas VarietyÂ