Project Overview

Through the ADB- and Government of Tonga-funded Tonga Renewable Energy Project (TREP), MGF served as commercial advisor to the Government of Tonga in support of its goal to transition the national grid to 70% renewable energy by 2030.

MGF experts led the commercial transaction process, including tender design, financial and tariff modeling, investor engagement, offer evaluation, and power purchase agreement negotiations. MGF worked with Tonga Power Limited, government ministries, local communities, and private-sector developers, with the investment process attracting bids from six international DFIs and two local pension funds.

Our Work

• Tender and transaction advisory. Led commercial aspects of EOI and tender design, offer evaluation, tariff and financial modeling, and PPA negotiations.
• Investor engagement. Led investor outreach, attracting bids from six international DFIs and two local pension funds to finance Tonga’s renewable energy transition.
• Stakeholder engagement. Worked with Tonga Power Limited, government ministries, local communities, and private-sector developers to build alignment around the project’s financing and social and economic benefits.
• Inclusive project design. Integrated community consultation, social impact assessment, and gender-responsive considerations into the tender process to promote equitable access and benefits.