AGP Executive Report
Last update: 2 hours agoRenewable Energy: Sunergise plans to acquire Infratec New Zealand, combining commercial solar with utility-scale solar and battery storage services. The deal expands its Pacific reach; the companies have delivered five renewable energy plants, including in the Federated States of Micronesia and the Marshall Islands. Captive Insurance: FSM President Wesley Simina highlighted an industry that has generated about $338 million in corporate income tax revenue since its launch, with more than 20 Japanese-owned captive insurers licensed or awaiting approval. Tuna Industry: Pacific Islands Forum Fisheries Agency members will seek a joint bigeye tuna management plan covering purse seine and longline fleets, aiming to protect the stock while addressing rules that can limit Pacific nations’ fishing revenue. Ocean Resources: A Micronesia security forum raised concerns over deep-sea mining’s environmental and sovereignty risks. Fishing access already brings FSM about $70 million and the Marshall Islands $30 million, making decisions on seabed mining especially consequential.
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