Mana Pacific Receives Official Approval to Advance Renewable Energy Investment in Fiji
Mana Pacific is pleased to announce that its Fiji subsidiary, Moana Pacific Sun (Fiji) Pte Ltd, has received official approval under Section 7(2) of the Investment Act 2021 to invest in Fiji’s renewable energy sector.
This approval represents an important milestone in Mana Pacific’s continued commitment to supporting Fiji’s clean energy transition through renewable energy infrastructure that strengthens energy resilience, supports long-term affordability, and advances sustainable development across island communities.
We are grateful for the continued engagement of the Government of Fiji and look forward to working collaboratively with national agencies, utility partners, regulators, landowners, and local communities as we continue advancing renewable energy opportunities in Fiji.
Mana Pacific remains committed to responsible project development, local partnership, workforce development, and delivering projects that create lasting value for Fiji’s people, economy, and environment.
Aug 19, 2024
Yaqara development project potentially powered completely by renewable energy
This month, Mana Pacific returned to Suva, Fiji to meet with the Permanent Secretary and their local partners to discuss their solar project for the Yaqara development on the island of Veiniu. The team ended up signing a Memorandum of Understanding to formalize their partnership with the Veiniu Island Development Corporation (VIDC), which is committed to utilizing renewable energy as the primary energy source for the Yaqara development. In support of VIDC’s commitment to achieving this climate-restoring benchmark, Mana Pacific is seeking to develop a solar project that will help VIDC meet their renewable energy goals, provide the most competitive rates to the ratepayers, provide critical energy resiliency in the face of tropical cyclones, and help Yaqara further its energy sovereignty.
With the Yaqara development project potentially being powered completely by renewable energy, VIDC has an opportunity to showcase its leadership and demonstrate effective renewable energy and climate action in Fiji. The Republic of Fiji has long led at the regional and international levels on climate and ocean advocacy. This signed MOU between Mana Pacific and VIDC signifies an intentional and mutual step towards finalizing a signed Power Purchase Agreement that can provide the streamlined project development and financial instruments that its leaders and the rest of the Pacific have been asking for.