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Monday, 19 April 2010

Vanuatu welcomes EIB wind farm investment

The EIB has provided a long-term loan of EUR 4.3 million (650 million Vatu) to support the construction of a 2.75 MW wind farm on the island of Efate, 12 km west of the capital, Port Vila. The project is the first wind farm to be implemented in the Vanuatu archipelago and is designed to help meet the country's growing energy needs. It is hoped that it will form a reference project for other Pacific island countries facing specific energy constraints typical of remote islands.

Source: European Investment Bank

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