Maldives has significant renewable energy resources from solar and wind power. Multiple studies indicate that the use of renewable energy to complement diesel power generation in Maldives would reduce electricity production costs. The Government of Maldives has recognised the prospects of using the country’s large renewable energy resources to lower the cost of electricity generation, increase energy security while reducing import-related financial risks, and reduce the country’s GHG emissions.
Accordingly, the government has embarked in two separate projects—Preparing Outer Islands for Sustainable Energy Development (POISED) project and Accelerating Sustainable Private Investments in Renewable Energy project— along with the Scaling Up Renewable Energy Programs in low-income countries, which is a targeted program of the Strategic Climate Fund to support energy efficiency and renewable energy investments in the country.
This report “Preparing Outer Islands For Sustainable Energy Development Maldives” by The Asian Development Bank concludes that scaling up the use of hybrid solutions should be seriously explored particularly by SIDS, other isolated locations such as remote communities, as well as industries and mines using diesel-generator-based power systems.
Access the complete report here
