Pacific Initiative – Pacific Renewable Energy and Microfinance (PREM) Project
Funding for a new and innovative project to design and implement renewable energy and microfinance systems in the Pacific has been awarded to The Foundation for Development Cooperation (FDC). The Pacific Renewable Energy and Microfinance (PREM) Project will be carried out on the islands of Fiji, Vanuatu and Samoa over the next 15 months. The first phase has been completed and it is the baseline study on the state of renewable energy and energy efficiency products suitable for microfinance institution (MFI) clients, information on microfinance institutions (MFIs) amongst other basic information. The results of this study will also culminate into a set of training tools which will be created to assist MFIs to conduct a proper renewable and energy efficient needs analysis and identify sources of appropriate renewable energy technology. More…