The Fiji National Provident Fund (FNPF) offers a program called the “Home Building and Contents” initiative that allows members to use their savings to finance the purchase and installation of a solar power system for their home. Members can use their savings as collateral for a loan to cover the cost of the system, which is repaid through payroll deductions. The program is designed to help members improve the energy efficiency of their homes and reduce their electricity bills. The FNPF is committed to promoting sustainable development and helping its members to achieve their financial goals while also supporting the transition to a low-carbon economy.
Fiji National Provident Fund
The Fiji National Provident Fund (FNPF) is a Fijian government-run pension fund that provides retirement and other social security benefits to its members. The FNPF has introduced a Green Bond program to finance environmentally friendly projects in Fiji, including renewable energy projects such as solar power systems. The Green Bond program provides an opportunity for investors to invest in sustainable projects while earning a financial return. The FNPF can also provide loans to renewable energy project developers, including those involved in solar projects. To access financing from the FNPF, project developers need to submit a project proposal that meets the FNPF’s requirements and demonstrate the project’s financial viability. The FNPF can then provide financing in the form of equity, debt, or a combination of both, depending on the project’s needs. Overall, the FNPF can play an important role in financing solar projects in Fiji by providing access to capital for project developers and attracting investors to sustainable projects through its Green Bond program.