A new analysis concludes that the Philippines can save $200 million a year and build a more reliable energy supply for millions of residents on its small islands by replacing diesel generators with wind and solar. The switch would require at least $1 billion in private investment in the short term, but the sum would be offset by savings of $200 million each year, an expense currently borne by customers. Many of the archipelago nation’s small islands cannot access larger electricity grids and are instead served powered by mini-grids using diesel and oil generators, serving approximately 800,000 households. Less than 10 percent of 233 small islands have 24-hour electricity, while more than 70 percent have less than eight hours of electricity per day, and there are frequent blackouts.
– via Reuters