Sun, 21st April 2019 | Updated Tuesday 13 March 2018, 06:23:39
PRESS RELEASE Date: 24st November, 2014
GOS-UNDP-GEF to launch PV rebate scheme for Seychelles' commercial sector
Purchasing of solar photovoltaic (PV) panels is set to become more affordable for Seychelles' commercial sector through a financial rebate scheme that will be launched by the Government of Seychelles, United Nations Development Programme (UNDP) and Global Environment Facility (GEF).
The launch of the PV rebate scheme will take place on Wednesday 26 November, 2014, at the Coco D'Or Hotel, starting at 9.30 am.
The event will be attended by representatives from the Ministry of Environment and Energy, Seychelles Energy Commission, Public Utilities Corporation, Ministry of Finance and Trade, Seychelles Chamber of Commerce and Industry, PV installers and other key stakeholders, as well as United Nations Development Programme.
The rebate scheme is being provided under the GOS-UNDP-GEF Grid-Connected Rooftop Photovoltaic Systems project (PV project) as an incentive to encourage the use of PV systems within the commercial sector. The aim is to further increase solar-generated electricity, and in turn reduce the consumption of fuel-generated electricity in Seychelles. The initiative is in support of the Government's 2020 target of generating 20% of the country's energy from renewable sources rather than relying entirely on petroleum imports.
The residential sector has already been benefitting from the PV rebate initiative since it became available in May.
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Note for Editors
Grid-Connected Rooftop Photovoltaic Systems Project
Seychelles is more than 90% reliant on imported oil for its energy needs, which is of significant economic and budgetary cost, and the single largest contributor of greenhouse gases in the country. Fuel demand continues to increase as a result of continued expansion of the electricity distributing system, the rising standard of living and increased foreign investment projects. Seychelles has great potential for replacing some of the current oil-generated electricity with solar energy systems.
The project aim is to increase the use of grid-connected rooftop photovoltaic (PV) systems as a sustainable means of generating electricity, with the following three main components:
• Policy strategies and legal framework
• Strengthening of technology support
• Strengthening of the delivery system, including PV demonstration projects.
The project is implemented in close collaboration with the Public Utilities Corporation (PUC) and Seychelles Energy Commission (SEC). The project is expected to create a market for PV systems in the country.