EFL seeks global backing for $2B renewable energy push

Energy Fiji Limited (EFL) will meet with major international development agencies today in a bid to secure blended financing for Fiji’s $2 billion renewable energy investment programme.

The Development Partners Roundtable at the Asian Development Bank Head Office in Suva will see senior representatives from the World Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, and Japan International Cooperation Agency discuss funding support.

The meeting, organised with the Ministry of Finance and Department of Energy, focuses on securing investment for hydropower projects, transmission network upgrades, and solar energy infrastructure.

Development partners attending include the International Finance Corporation, Japan Bank for International Cooperation, Korea International Cooperation Agency, European Union and European Investment Bank, Agence Française de Développement, GIZ, KfW Development Bank, Australian Infrastructure Financing Facility for the Pacific, and New Zealand Ministry of Foreign Affairs and Trade.

“This engagement forms part of Fiji’s broader national efforts to enhance energy security, strengthen climate resilience, and accelerate the transition to clean, reliable, and affordable electricity,” EFL stated.

The initiative supports the country’s plan announced in October to achieve 100 per cent renewable electricity by 2035.

Currently, Fiji generates 51.7 per cent of electricity from hydropower and 42.9 per cent from diesel.

The roundtable reflects EFL’s commitment to partnership-driven development as Fiji works to reduce reliance on imported fossil fuels.

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