Renewable Energy Costs in the Pacific - New Research Insights On Cost Implications

Coronium is proud to have contributed to groundbreaking research examining the financial impacts of renewable energy adoption in Pacific island nations. The study, conducted in partnership with the Asian Development Bank, investigates how the transition from fossil fuels to renewables affects power generation costs and consumer electricity prices across six Pacific nations.

The research findings

Renewable energy investments can effectively reduce electricity costs in Pacific countries. However, success depends on strategic implementation. Key factors include:

• Integration within least-cost generation planning
• Appropriate investment in system reliability
• Alignment of sector policies and regulations
• Commercial operation of utilities with proper stakeholder oversight

These insights are particularly valuable as Pacific nations accelerate their renewable energy investments. For a detailed analysis of the findings, read the full paper.