Maldives’ Largest Renewable Energy Project

Thursday 6th of February 2020

Maldives’ Largest Renewable Energy Project

Maldives has announced its largest renewable energy project so far, calling interested parties to submit applications for the pre-qualification to install 21 MW grid-tied solar PV systems on its 6 major islands.

These include Addu City, Fuvahmulah City, Kulhudhuffushi City, GDh. Thinadhoo, B. Eydhafushi and Lh. Hinnavaru.

In order to have secure and affordable electricity, the country is working to increase its renewable energy share. However, Diesel remains the predominant resource for electricity in the Maldives so far, with 95 percent of the generation mix accounting for diesel.

According to the pre-qualification document published on the website of the Ministry of Finance, the selected bidder would be required to sign a standard PPA with the existing Service Provider for 15-20 years.

The bidder is responsible for the design, build, finance, own, operate and transfer of all facets of the project and must meet a minimum generation output specified in the bidding document.

To participate in the 21 MW pre-qualification process, interested parties shall register with the Ministry of Finance from January 30, 2020, to March 12, 2020.