The largest P-REC transaction in South Sudan funded the solar electrification of Malakal Teaching Hospital, which was completed in December 2022, and a second P-REC agreement will fund Bor State Hospital's solar electrification.
SAN FRANCISCO, April 25, 2023 /PRNewswire/ -- Early in 2022, the first-ever Peace Renewable Energy Credit (P-REC) transaction in South Sudan was announced, executed by U.S.-based 3Degrees and the International Organization for Migration (IOM) with support from Energy Peace Partners (EPP). In the agreement, 3Degrees obtained the P-RECs generated from a 700kWp solar plant in IOM's Humanitarian Hub in Malakal. Block, a global technology company with a focus on financial services, purchased the P-RECs from 3Degrees.
The arrangement enabled IOM to fund the solar electrification of the Malakal Teaching Hospital, the main healthcare facility serving the city of Malakal and the surrounding region.This area was destroyed in the country's civil war and now houses one of the largest camps for internally displaced persons (IDPs) in South Sudan. The team is pleased to announce that the hospital's new solar system is now operational and is projected to reduce fuel consumption by at least 85% annually.
On the heels of the successful completion of the Malakal hospital project, 3Degrees, IOM, and EPP collaborated to replicate a second P-REC issuance in South Sudan, in which additional P-RECs from the solar plant in IOM's Humanitarian Hub in Malakal will support the solar electrification of Bor State Hospital. Block also served as the purchaser of this subsequent batch of P-RECs. Currently the hospital operates with minimal, undependable electricity and this project will ensure a 24/7 power supply for the hospital's critical care units and enable the hospital to provide reliable, safe services to the community, including gradually opening night services. Bor State Hospital currently relies on four diesel generators that run computers, fans in each of the wards, refrigerators, sterilization materials in the operating room, lights, surgical equipment, and more.
P-RECs are international renewable energy certificates (I-RECs) with a supplementary quality label certifying unique socio-economic co-benefits associated with new renewable energy generation. They are issued from qualifying projects in target countries characterized by high risk of conflict, high vulnerability to climate change and low levels of electrification. P-RECs serve to monetize renewable energy generation from eligible projects in order to unlock private sector capital for high-impact renewable energy projects in fragile, energy-poor countries. EPP developed and is the exclusive issuer of P-RECs.
Read more about the latest P-REC purchase here and the previous purchase here.
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