Norway to fund 30 MW of solar-plus-storage in Guyana

Source: EBRD (www.ebrd.com)

June 10 (Renewables Now) - Norway, through its ministry of climate, has approved the transfer of funds for the construction of 30 MW of solar photovoltaic (PV) farms with energy storage in Guyana.

According to the Guyanese department of public information, Norway will release GYD 16 billion (USD 77m/EUR 68m) to bankroll the initiative.

The financing is part of last year’s discussions between the two countries to support Guyana’s climate action efforts. The resulting agreement allowed the South American country to access close to GYD 27 billion in favour of the transition to 100% renewable energy, including building 100 MW of solar, among other green initiatives.

The solar farms will be constructed in the towns of Bartica, Lethem, Mabaruma, Mahdia and other locations.

(GYD 100 = USD 0.48/EUR 0.43)

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