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4 FAQs about Tuvalu energy storage discharge price

Does Tuvalu have a solar farm?

In May 2024, Tuvalu completed its first large-scale solar farm and a two-megawatt-hour battery storage system on its main island, Funafuti. Spanning several hectares of land and rooftop and utilizing advanced photovoltaic technology, the project significantly reduces Funafuti's diesel dependency and improves energy reliability.

What are Tuvalu's economic challenges?

One of Tuvalu's most pressing economic challenges is its dependence on imported fossil fuels. In 2021, 96% of Tuvalu's energy came from imported fossil fuels, which consumed more than 70% of the nation's budget.

Are oil prices rising in Tuvalu?

During the 2009 Conference of the Parties (COP15), Tuvalu's President Feleti Teo highlighted this cost: “Oil prices in Tuvalu will keep on rising even above the current levels of 3-400% above world pricesthis is simply unrealistic and unsustainable for our poor islands.”

Why does Tuvalu need international aid?

Despite some ocean economic activity, Tuvalu relies heavily on international aid to meet its basic needs, like water, sanitation, transportation, energy and health care. One of Tuvalu's most pressing economic challenges is its dependence on imported fossil fuels.

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