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FDB promotes greening in the transportation sector

As part of its efforts to promote sustainable transportation, the Fiji Development Bank (FDB) is the leading financial organization funding Electric Vehicle (EV) Charging Stations in Fiji. FDB contributes to Leaf Capital Pte Ltd’s EV charging stations at Kundan Singh and Mana Coffee.

Solar energy generated by solar panels installed on the rooftops of the Kundan Singh and Mana Coffee buildings powers the charging stations. Setaita Tamanikaiyaroi, Manager of Climate & Eco-Finance at FDB, emphasized that this is just the beginning as FDB committed to funding electric vehicle infrastructure and assisting in decarbonizing Fiji’s land transport sector under its Climate & Eco Finance Plan.
FDB encourages enterprises to embrace electric car financing. The goal of Leaf Capital, according to Alex Reddaway, Founder and CEO, is to bring about a fundamental change in the transportation business, which connects nicely with FDB’s goal of minimizing Fiji’s carbon footprint by lending to green ventures.

Mr. Reddaway said he was looking forward to opening more charging stations along the Coast and at RB Patel’s Jet Point in Nadi in the coming weeks and announced three new locations. He intends to have charging stations across Viti Levu by the end of 2023 before expanding to Vanua Levu.

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