WAM ABU DHABI, June 17th, 2013 (WAM) -- Masdar, Abu Dhabi's renewable energy company, and the Abu Dhabi Fund for Development (ADFD) today launched a 6-megawatt, eight-turbine wind farm in the Republic of Seychelles.
The Port Victoria Wind Farm accounts for 8 percent of Mahe Island's energy capacity - the main island of Seychelles - which is home to 90 percent of the country's population. The clean energy generated by this project - the first renewable energy project in the Seychelles - will displace 5,500 tons of carbon dioxide annually, power more than 2,100 homes and save 1.6 million litres of fuel per year. The project was developed by Masdar and funded by ADFD.
Seychelles currently relies on expensive diesel generators to meet its electricity demand.
"Access to sustainable, clean sources of energy is vital to our long-term economic development," said James Michel, president of the Republic of Seychelles and added, "The addition of wind power is a major step toward meeting our clean energy targets and reducing our dependency on imported sources of power. We look forward to further opportunities to assess our wind power potential and continue to diversify our energy mix." "We are grateful to the support from the United Arab Emirates to fund, develop and deliver this wind power project. The 6-megawatt wind farm that has been successfully delivered by Masdar and the Abu Dhabi Fund for Development will help us meet our rising demand for energy and also liberates budget to invest in economic and social growth opportunities," President Michel pointed out.
Meanwhile Dr. Sultan Ahmed Al Jaber, UAE minister of state and CEO of Masdar said, "The Seychelles wind project is an example of how access to energy can serve as a pathway for economic development and social opportunity. Today, the country can redirect fuel savings into investments in infrastructure development, social programs and to spurring economic growth." "With prices falling and new advancements in technology, renewable energy is reaching grid parity in many parts of the world. With energy demand expected to double by 2030 - putting a further strain on our natural resources - renewable energy is a viable solution to power future growth," he added.
Over 40 years, the United Arab Emirates has assisted developing countries promote economic development and social opportunity. Today, the acceleration and adoption of renewable energy is a core component of the UAE's efforts to help countries grow, alleviate poverty and deliver basic services.
"The United Arab Emirates has been actively assisting developing countries to achieve economic growth and social opportunity through strategic aid and support programs," said Mohammed Saif Al Suwaidi, acting director general of Abu Dhabi Fund for Development. "ADFD aims to achieve the UAE government�s policy by working with the international community to enhance economic growth in developing countries by financing development projects." "ADFD focuses on vital sectors that are the cornerstone of growth and economic development, such as the renewable energy sector," added Al Suwaidi. "Renewable energy is one of the most efficient and effective solutions for producing clean energy, which leads to more sustainable development." "The Port Victoria Wind Farm is a model for how renewable energy can benefit the country. Masdar has been instrumental in delivering the project efficiently," he said.
Masdar is developing numerous other renewable energy projects to improve energy access in the developing world. Notable projects include, A15-megawatt solar photovoltaic power plant in Mauritania, A project in Afghanistan will supply 600 residences with off-grid solar PV systems and A 500-kilowatt solar photovoltaic power plant on the island of Vava'u in Tonga.