South Sudan has signed an agreement for the country’s first ever Peace Renewable Energy Credit (P-REC) to help fund the development of solar power to help electrify the Malakal Teaching Hospital.
P-RECs are market-based financial solutions that support new renewable energy projects in volatile and energy-poor countries. Under the terms of the agreement, San Francisco based renewable power supplier, 3Degree, will provide the P-RECs, sourced from an International Organisation for Migration (IOM) solar plant, in order to electrify the Malakal Teaching Hospital and surrounding areas.
The project is expected to be completed between mid to late 2022 and will reliably supply 700kW of electricity to the main health care facility. Malakal is situated along the White Nile River in the north-eastern part of South Sudan, and currently accommodates more than 30,000 internally displaced people due to the 2013 civil war.
President of Energy Peace Partners Dave Mozersky mentioned that the project was a result of expanding renewable energy in South Sudan which is among the most vulnerable countries and least electrified in the world. The transaction is also being piloted by international humanitarian organisations such as the United Nations and other international organisations.
“This project fulfils the original vision of the P-REC, and we are excited about the positive impact this will have for communities in Malakal. More broadly, this highlights the value of the P-REC in mobilizing private sector actors to support high impact projects in some of the hardest-to-reach communities,” stated Mozersky.