The Maldives Ministry of Environment, Climate Change and Technology has announced its largest renewable energy tender to date, calling for the deployment of 20 MW of photovoltaic (PV) across 20 islands. The project will be supported by the Asian Development Bank (ADB) and developed through a design, build, finance, own, operate, maintain and transfer basis.
The tender has generated interest from both local and international developers, who have until August 10th to register with the Ministry of Finance to participate in the process. The Maldives had roughly 36 MW of installed PV capacity by the end of 2022, according to the International Renewable Energy Agency.
With this project, the Maldives is looking to further its commitment to increasing renewable energy adoption, as the country aims to generate 60% of its electricity from renewable sources by 2030. Additionally, the government hopes to decrease its reliance on imported fossil fuels, reduce greenhouse gas emissions, and provide sustainable and reliable power to its citizens.
The project will not only contribute to the country's renewable energy goals but also create job opportunities and stimulate economic growth. As more countries turn to renewable energy to combat climate change, the Maldives is taking bold steps to lead by example and set a precedent for other small island nations around the world.
