London, 16th May 2018, Pan-African Soleil Holdings Inc. (PASH Global), an investor and developer of power projects, has been selected as a preferred bidder to provide Saint Helena Island (The Island) with a renewable energy storage solution of an initial 3.5MW. The long-term approach will be to reduce the current tariffs significantly and eliminate diesel-fired power generation to avoid exposure to diesel cost increases.
St. Helena Island is a self-governing overseas territory of the United Kingdom. The Island is 47 square miles in area and is located in the South Atlantic.
The long-term commitment is to enable Saint Helena Government (SHG) to actualize its vision of transitioning to 100% renewable energy sources by 2020. The project will be developed by PASH Consortium and some of the world’s most reputable equipment manufacturers for renewable energy projects.
‘It has been an enormous team effort and all those involved have given a significant contribution to the tender proposal. We are grateful for the support that the local authorities have shown to us and we are excited to begin construction of the project.’- said Paul Smith, Commercial Director at PASH Global. ‘The project will be delivered under a long-term Power Purchase Agreement (PPA) which avoids the need for SHG to secure capital funding and will ultimately reduce current operating costs.’
For further information please contact:
PASH Global PR & Communication Team:
Tel: Phone:+44 (0)207 846 1741
Notes to editors:
For more information on the tender, please visit: http://www.sainthelena.gov.sh/renewable-energy-procurement-project-pash-to-provide-renewable-energy-solution-to-st-helena/
For information on St. Helena Island please visit: http://www.sainthelena.gov.sh