Tag: Maldives

Abraxas inks agreement for 100 MW renewable energy project in Maldives

Abraxas inks agreement for 100 MW renewable energy project in Maldives

July 14, 2025 | , ,

APM SPV, the subsidiary of Abraxas Power, has inked an investment agreement with the Government of Maldives. The agreement is for the development of Project Solar City, which is a 100 MW mixed-use renewable energy project in Maldives. The execution of the investment agreement was followed by the President of Maldives issuing a presidential decree designating the project area as a Special Economic Zone under the country’s Special Economic Zone Act.

Read More
Embracing Renewables: Overview of the clean energy sector in Maldives

Embracing Renewables: Overview of the clean energy sector in Maldives

August 21, 2023 | , ,

Maldives is geographically blessed with abundance of renewable energy resources, including solar, wind, and ocean, as well as an ability to manufacture green hydrogen fuel. The country can also replace a portion of its diesel consumption with cheaper, more efficient and less polluting small-scale liquefied natural gas. As per IRENA’s Renewable Capacity Statistics 2023 report, total renewable energy capacity installed in Maldives as of 2022 was 37 MW.

Read More
Promoting Renewables: Uptake of clean energy in Maldives

Promoting Renewables: Uptake of clean energy in Maldives

February 2, 2023 |

The Maldives has been naturally bestowed with abundant renewable energy resources that include solar, wind, and ocean. Utilisation of these renewable energy sources will offer the potential to reduce electricity generation costs, fuel imports and fiscal burden on the government in the country. According to data by the International Renewable Energy Agency, the share of renewable energy in the total energy mix of Maldives is just 6 per cent.

Read More
Road to Renewables: Maldives transitions to a greener power sector

Road to Renewables: Maldives transitions to a greener power sector

June 6, 2022 | , ,

Renewable energy accounts for only 4 per cent of the total energy portfolio of the Maldives. However, due to the abundance of renewable energy sources such as solar, wind and ocean, there is immense potential for further developing renewable energy in the country. As per the Asian Development Bank (ADB), solar radiation in the Maldives is roughly 1,200 kWh per square metre per annum. Several solar projects in the country are now under way.

Read More
India and Maldives to establish transmission interconnection for renewable power transfer

India and Maldives to establish transmission interconnection for renewable power transfer

April 27, 2022 | ,

India’s Ministry of Power has informed that India and Maldives plan to set up a transmission interconnection to facilitate the transport of renewable energy between the two countries. The proposal was discussed during the meeting between the Indian Minister of Power and New and Renewable Energy and Maldives’ Minister of Environment, Climate Change and Technology in New Delhi.

Read More
Maldives floats tender for 40 MW/40 MWh of battery energy storage systems

Maldives floats tender for 40 MW/40 MWh of battery energy storage systems

June 11, 2021 |

Maldives’ Ministry of Environment, Climate Change, and Technology has floated a tender for the engineering, procurement, construction of a 40 MW/40 MWh battery energy storage systems (BESS) across 11 select islands. The BESS are set to improve renewable energy penetration for island grids and ensure efficient operation of generators in the solar-diesel hybrid generation mix.

Read More