Seychelles inks renewable energy plan with Masdar
The launch of a renewable energy initiative will be carried out in collaboration with the UAE's Masdar Company
Seychelles’ president James Michel has announced the launch of a renewable energy initiative under the theme Democracy of Renewable Energy.
Conducted in close collaboration with the UAE’s Masdar Company, the initiative will see the installation of wind and solar energy generation technology.
The initiative will tackle the current national deficit of domestic energy sources, a status that stems from the country’s poor hydrocarbon wealth and limited financial resources.
“The scarcity of water resources in Seychelles requires us to rely on sea water and this naturally requires energy...therefore ensuring new sources of energy has become essential for our country and I would like to thank Abu Dhabi for its help in this respect,” commented Michel.
Masdar has been tasked in building six-MW wind energy stations in the nation’s capital Victoria. The proposed station will meet more than 8% of the energy needs of Mahe Island. The project was funded through a $28m grant provided by Abu Dhabi’s Development Fund.
In parallel to the renewable energy initiative, Seychelles will collaborate with Abu Dhabi in co-hosting the upcoming Blue Economy summit in 2016.
"I will attend the energy summit which is a major gathering aimed at discussing challenges affecting energy, water and sustainable development issues...this summit constitutes an important platform to exchange views between global decision makers,” explains Michel.