The MOU aims to explore and develop economic, sustainable geothermal power projects harnessing volcanic geothermal energy resources in partnership with the Solomon Islands Ministry of Mines, Energy, and Rural Electrification (MMERE).
This partnership represents a major step towards sustainable energy solutions for the Solomon Islands, capitalizing on the country’s abundant island arc volcanic geothermal resources. Volcanic geothermal systems can potentially produce up to ~100 MW of energy from individual volcanic structures with both shallow and deep resources. Stellae Energy and its local partners will implement a phased approach to exploration and development of hydrothermal systems associated with a stratovolcanic island, with an initial project phase of up to ~30 MW currently under evaluation.
Since the MOU signing in 2023, Stellae Energy has been diligently working with good support from the government ministries and departments of the Solomon Islands to gather technical and commercial information necessary for a comprehensive Pre-Feasibility Report, which will be issued this year. This report will detail the potential of geothermal resources and outline the roadmap for project development.
“We are excited about the opportunity to partner with the Solomon Islands to unlock their geothermal potential,” said David Hartell, CEO of Stellae Energy. “These projects will not only provide a reliable and sustainable energy source but also support the economic development and energy independence of the Solomon Islands.”
In areas where local grids are either non-existent or insufficient to handle the power generated, Stellae Energy plans to produce Green Hydrogen as an alternative, transportable energy carrier. This will enable remote communities, commercial and industrial facilities, and the land and marine transportation sectors to access clean energy, further supporting regional sustainability and resilience.
The geothermal projects aim to:
Provide a reliable and sustainable energy source for the Solomon Islands.
Enhance energy security and reduce reliance on imported fossil fuels.
Foster economic development and create job opportunities in local communities.
Contribute to global efforts to combat climate change by reducing greenhouse gas emissions.
Stellae Energy is committed to working closely with the government and communities of the Solomon Islands to ensure that the development of geothermal resources is conducted responsibly, with respect for the environment and local cultures.
The company had also previously announced the signing of an MoU for geothermal exploration and possible development with the Autonomous Government of Bougainville.
