Energy Fiji Limited (EFL) estimates that approximately $2 billion in investment is needed to transition to renewable energy.
EFL highlights that one of the most significant risks to electricity prices worldwide is the volatility of fuel prices, a factor beyond Fiji’s control.
To address this, EFL is moving decisively toward renewable energy sources, including hydropower, solar generation, battery storage, and upgrades to transmission and power evacuation infrastructure.
According to EFL, embracing renewable energy will help reduce Fiji’s exposure to global fuel price shocks, stabilize electricity prices over the long term, support the country’s climate commitments, and strengthen overall energy security.
The authority also notes that electricity demand in Fiji is expected to grow by around 5 percent annually, and without timely investment, new connections may be delayed, businesses could face uncertainty, and economic growth could slow.
EFL emphasizes that a stable tariff framework is essential for reliable investment planning, timely expansion of electricity supply, and building confidence among households, businesses, and investors.
