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Maldives to develop 21MW of floating and land-based solar projects

News & Blog

The Republic of Maldives has started looking for companies interested in installing 21 MW of grid-tied solar systems on six of its major islands, split between floating and land-based installations.

The project is being rolled out with financial and technical support from World Bank’s Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) project. The date for the submission of bids in the pre-qualification stages is 12 March 2020.

The project consists of two parts. The first is for the installation of a 10 MW floating solar system in Addu city, while the second part involves the installation of 11 MW of land-based solar in Addu City, Fuvahmulah City, Kulhudhuffushi City, GDh. Thinadhooo, B.Evdhafushi, and Lh.Hinnavaru.

All projects will be developed on a build-own-operate-transfer basis. Winners will be selected through a Request for Bids and will be awarded a standard power purchase agreement (PPA) for 15-20 years.

An official from the Ministry of Environment, Maldives, said: “Diesel remains the predominant resource for electricity in the Maldives so far, with 95% of the generation mix accounting for diesel. However, to diversify the energy mix and have secure, affordable electricity, the country is working to increase its renewable energy share and thus decarbonize its power sector. The country has streamlined energy action plans and is to increase the renewable energy fraction by 20% compared to 2018 levels, by the year 2023.”

Meanwhile, the Asian Development Bank and the environment ministry of Maldives have started to implement solar battery-diesel hybrid systems in 48 islands out of the 160 inhabited islands of the atoll nation.

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