At COP29 , the Australian Government announced a $75 million investment through the REnew Pacific program to support the Pacific transition away from fossil fuels, improve energy security, benefit from the global transition to renewable energy and drive climate resilient development in remote communities.
REnew Pacific is part of Pacific Climate Infrastructure Financing Partnership, a $350million initiative for climate infrastructure in the region. Delivered by the Australian Infrastructure Financing Facility for the Pacific, the program will help deliver off-grid and community scale renewable energy in remote and rural parts of the Pacific and Timor-Leste.
The program will enable lighting, access to water, improved agriculture, better food security, quality education and health services, reliable communications connectivity and enhanced incomes.
This year alone Australia has supported 15 new off-grid renewable energy projects through the Pacific Climate Infrastructure Financing Partnership, two of which have been completed and handed over.
The five-year REnew Pacific program aims to deliver projects that respond directly to the energy needs of remote communities of the Pacific and Timor-Leste and shows Australia’s commitment to bringing affordable, reliable, sustainable and modern energy to remote and rural communities in the Pacific region.
To find out more visit the REnew Pacific page http://renewpacific.com.au