Maldives To Tender 20 To 30 MW Solar

ADB To Offer Transaction Advisory Services For Up To 30 MW Solar To Maldives

Maldives To Tender 20 To 30 MW Solar

Under POISED project, the Asian Development Bank (ADB) has been supporting Maldives install solar-battery-diesel hybrid systems on 160 inhabited islands. Now the Environment Ministry has signed up ADB for transaction advisory services. (Photo Credit: Ministry of Environment, Climate Change and Technology, Maldives)

  • Maldives has secured ADB’s transaction advisory services for its outer island solar PPP projects
  • Under this, ADB will help Maldives develop, structure and launch an international tender to set up 20 MW to 30 MW solar capacity
  • It will be located on land, rooftops and nearshore lagoons with 1 MW to 2 MW of PV in 20 to 25 outer islands of the country

The Asian Development Bank (ADB) has entered transaction advisory services (TAS) with the Ministry of Environment, Climate Change and Technology in Maldives to help the country tender a combined capacity of 20 MW to 30 MW for outer islands solar public private partnership (PPP) projects.

Under the agreement signed, the plan is to develop, structure and launch an international tender to set up this capacity on land, rooftops and nearshore lagoons with 1 MW to 2 MW of PV in 20 to 25 outer islands of the country.

The project is expected to lower the country’s diesel import bill and lower its overall energy tariff. According to the ministry, ADB’s support will mobilize private sector investment in the country’s solar PV sector and transform its existing diesel-based power generation systems into hybrid renewable energy systems in the inhabited islands.

“The PPP project will complement ADB’s ongoing sovereign financing interventions for grid and battery storage related infrastructure and government’s effort in achieving net-zero carbon emissions by 2030,” stated the ministry.

ADB has been supporting hybrid energy systems in the Maldives under Preparing Outer Islands for Sustainable Energy Development (POISED) project through which the idea is to install solar-battery-diesel hybrid systems on 160 inhabited islands (see Additional ADB Funds For Maldives Renewable Energy Project).

About The Author

Anu Bhambhani

Senior News Editor: Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.Before joining our team, Anu worked in various positions at publications of the Times Group in New Delhi. As a Principal Correspondent, she conceptualized special features and supplements for both The Times of India and The Economic Times. While Anu delved deep into solar at TaiyangNews, environment topics have been close to her heart before. As Assistant Editor, she was responsible for launching Planet Earth for The Economic Times, a special series on environment. Before joining the Times Group, Anu was a Copy Editor at the Hindustan Times.Anu holds a Masters degree in Journalism and Mass Communications from the University of Rajasthan. She also studied at the Centre for Science and Environment in New Delhi on E-Outreach: New Media Technologies for Advocacy and Strategic Communication, Social Media

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