The Solomon Islands Renewable Energy Development Project will finance two photovoltaic (PV) parks and a utility-scale grid-connected energy storage system in the Solomon Islands. The Asian Development Bank, the Saudi Fund for Development and Solomon Power are financing the project. The first of its kind in the Solomon Islands, two new Solar Hybrid Power Stations for Solomon Islan s were inaugurated on the 17 th August 2017. These two solar hybrid systems are in Seghe Wester Province and Taro in Choiseul Province. The Seghe st. . This will provide access of low-income households to electricity in Peri-urban and rural areas of Solomon Islands, and by increasing the generation capacity of renewable energy facilities (solar PV) in the Islands.
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The European Bank for Reconstruction and Development (EBRD) is taking a significant step towards enhancing Croatia's energy landscape with a €16. 8 million investment in the country's inaugural large-scale battery energy storage system and virtual power plant (VPP) in Šibenik. . Croatia is moving forward with its largest grid-scale battery energy storage project thanks to a new investment from the European Bank for Reconstruction and Development (EBRD), the bank announced. The EBRD is investing up to €16. 8 million equity investment in IE-Energy Projekt.
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