Palau energy storage power station investment

4 FAQs about [Palau energy storage power station investment]

Does Palau rely on fossil fuels?

As a small island developing state, the Republic of Palau sought to wean itself off its dependence on fossil fuel for power, which accounts for 99.7% of the country’s power generation. To address this issue, Palau invited Solar Pacific Energy Corporation (SPEC), Alternergy’s solar developer, to develop a clean, renewable energy source.

How will solar energy be produced in Palau?

Solar electricity will be produced by a hybrid 15.3 MWdc (13.2 MWac) solar photovoltaic (PV) plus 10.2 MWac/12.9 MWh battery energy storage system facility. Extensive safeguards to protect Palau’s pristine environment SPEC did not leave any stone unturned to protect the pristine Palau ecosystem.

Does Palau have a renewable power system?

The results of the optimisation show that Palau’s current power system is dominated by diesel generation, with renewable energy only taking a small share (just 4%). With more deployment, however, the share taken by renewables could potentially increase to more than 92%. This corresponds to the lowest average system LCOE.

How can Palau achieve a 100% share of renewables by 2050?

A key recommendation for the government, if it is to achieve its proposed target of a 100% share for renewables by 2050, is to accelerate deployment of solar PV and battery storage systems through a combination of Palau Public Utilities Corporation (PPUC) investments and power purchase agreements (PPAs).

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