WE JOIN FORCES WITH SOHAM INVESTMENTS FOR GROWTH OF RENEWABLE ENERGY ON SOUTH PACIFIC ISLANDS
Located to the north of New Zealand in the midst of the South Pacific the island state Fiji has to face the severe consequences of climate change. Rising sea levels and extreme weather conditions represent a big challenge for the country comprising of 330 small islands. Currently, the country’s energy supply is mainly based on polluting fossil fuels. The dependence on oil imports causes high costs and makes Fiji vulnerable to the fluctuations of the global oil market burdening the federal budget heavily. Aiming to actively contribute to reducing the country’s dependence on fossil fuels, we have founded the local joint venture oursun Pacific Limited together with a local investment entity.