‘Vanuatu project’ marks UAE-PPF success

ABU DHABI / WAM

The recent completion of a solar power project for the Pacific nation of Vanuatu marks the latest stage of the ground-breaking United Arab Emirates-Pacific Partnership Fund (UAE-PPF). The installation of three new solar PV plants represents another milestone for an imaginative and innovative initiative that has captured international attention with its potential for developing countries. Mohamed Jameel Al Ramahi, the Chief Executive Officer of Masdar, said, “Secure sources of clean energy are becoming an increasingly critical component of economic and social development. Island nations in the Pacific are especially vulnerable to some of the highest fuel costs in the world due to their dependence on imports. By helping to alleviate their energy burden, we are enabling these Pacific nations to allocate more of their resources to accelerating economic growth and maximising the potential of their inhabitants.”
The completed project is the latest stage in the implementation of the UAE-PPF, a US$50 million initiative managed by Masdar, Abu Dhabi’s renewable energy company, in close coordination with the UAE’s Ministry of Foreign Affairs and International Cooperation.