31/05/17: NEW CLEAN ENERGY JOINT VENTURE ON FIJI ISLANDSmeeco AND SOHAM INVESTMENTS JOIN FORCES FOR GROWTH OF RENEWABLE ENERGY ON SOUTH PACIFIC ISLANDSLocated 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, the Swiss-based clean energy provider The meeco Group and a local investment entity have founded the local joint venture oursun Pacific Limited.