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Seychelles at the Renewables and Islands Summit, September 6-7, 2012, Malta

Seychelles at the Renewables and Islands Summit, September 6-7, 2012, Malta (Forimmediaterelease.net) The uniqueness and vulnerability of small developing islands is being taken into consideration at the Renewables and Islands Summit being held in Malta. The Seychelles delegation is headed by the Minister for Environment and Energy, Professor Rolph Payet, and accompanied by the CEO of PUC and the CEO of SEC, Mr. Phillipe Morin and Mr. Andrew Jean Louis.

Professor Payet formed part of the high-level panel at the opening of the summit, which highlighted the priority needs for Small Island Developing States (SIDS) for renewable energy. Professor Payet highlighted the challenges of SIDS in accessing low-interest financing for renewable energy projects and emphasized the need for technical support in considering renewable energy technologies. Panelists, in particular, highlighted the increasing number of investors who want to take advantage of the lack of technical capacity in SIDS to lock them into long-term investment contracts in renewable energy. By offering large sums of money, under the guise of no-risk investments, such investors make bogus offers for investment in renewable energy technologies, which in many cases are either still in the testing stage or not performing at established standards.

The summit concluded on a number of recommendations for implementation by the International Renewable Energy Agency (IRENA) the main organizer of the summit. The summit is being used as a platform for sharing best practise and showcasing innovative solutions, pooling of knowledge, and exchange of ideas between islands with different level of development, discussions on the role of renewables in power generations, and it's end use in sectors, realizing the high potential of renewable energy to address the islands energy needs and access in a sustainable way.

IRENA has been given a strong mandate to support global efforts in adopting renewable energy. The two-day summit is taking place at an opportune time, as there are accelerating efforts to encourage countries to use more sustainable forms of energy such as renewable energy. Seychelles first renewable energy projects include the Victoria Wind Turbine Project financed through a grant from the UAE.

This year has been declared by the United Nations as the year for sustainable energy for all. IRENA is committed at helping countries to achieve the aims sets under this theme.

MEDIA CONTACT: seychellesupdatednews@googlemail.com

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