The Solar Energy Loan or better known as the Home Energy Efficiency and Renewable Energy Project in the Marshall Islands. One of the Projects lead by TaiwanICDF (International Cooperation and Development Fund) to increase in local energy resources and efficient utilization of energy through the household sector, both of which are expected to reduce pollution through a reduction in the use of imported fossil fuel for power generation.

This project supports the household energy efficiency and home solar system relending facilities to be carried out by Marshall Islands Development Bank (MIDB) and the Marshalls Energy Company (MEC).

The Ministry of Finance will be the Executing Agency of the Project, while the Ministry of Resources and Development (MoR&D), the authority in the RMI responsible for its energy policy planning and coordination, will serve as the Executing Partner in assisting the MoF to coordinate implementation of the Project
MEC and MIDB will be the Implementing Agencies, with MEC responsible for technical matters, including raising awareness and the promotion of the Project to the public, and MIDB responsible for re-lending facilities in accordance with the MOU

For more information regarding this project visit the Taiwan(ICDF) website on the link below