To increase generation capacity from renewable energy sources and to facilitate the integration of renewable energy into Maldives' grid infrastructure. Contact online >>
To increase generation capacity from renewable energy sources and to facilitate the integration of renewable energy into Maldives'' grid infrastructure.
The Project involves the development of 36 MW solar power project and 50 MWh of battery energy storage solutions across various selected islands in the Maldives. The Project also involves grid modernization for the integration of variable renewable energy with the grid, which will be financed under the proposed AIIB loan. The Project comprises of the following components:
Component 1. Solar PV Risk Mitigation
Component 2. Battery Energy Storage System (BESS)
Component 3. Grid Modernization for Variable Renewable Energy (VRE) Integration
Component 4. Technical Assistance �
The AIIB loan will finance activities under Component 3. The Project is co-financed with the World Bank (WB) and Clean Technology Fund (CTF).
Project activities are not expected to result in involuntary resettlement as land/space needed will either involve existing government property or will be procured through lease agreements. The WB''s assessment finds that there is no evidence suggesting the presence of Indigenous Peoples in the Maldives, therefore the project will not have an impact on Indigenous Peoples.
Environmental risks associated with the solar energy generation system investments include future decommissioning of the solar energy systems at the end of their lifetime, and the grid upgrade works. However, these are expected to be localized in nature and arise only during construction with localized impacts such as dust/noise pollution and waste generation, as well as issues related to worker health and safety. There is also the need to manage any toxic wastes from the use of batteries during the operational stage of the project.
HomeWhat We DoProject ListMaldives: Solar Power Development and Energy Storage Solution
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients'' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
Asian Infrastructure Investment Bank (AIIB)Tower A, Asia Financial Center, No.1 Tianchen East Road,Chaoyang District, Beijing 100101Tel: +86-10-8358-0000
The government of the archipelago is tendering the deployment of two big batteries, with capacities of 24 MW/24 MWh and 16 MW/16 MWh, respectively, to store renewable energy for 22 islands.
Image: Ministry of Environment, Climate change and Technology
The Maldives‘ Ministry of Environment, Climate Change and Technology has launched the pre-qualification phase of a tender for the deployment of two large-scale storage systems with a combined capacity of 40 MW/40 MWh across 22 islands.
One of the two projects, with a planned capacity of 24 MW/24 MWh, is expected to provide power to the following locations: S. Hithadhoo, S. Hulhudhoo-Meedhoo, Gn. Fuvahmulah, GDh. Thinadhoo, HDh. Kulhudhuffushi, B. Eydhafushi and Lh. Hinnavaru.
The second tendered battery, with a capacity of 16 MW/16 MWh, is planned for the locations of L. Atoll Islands, Lh. Naifaru, Dh. Kudahuvadhoo, GA. Villingili and Sh. Funadhoo.
Interested developers will have time until August 26 to pre-qualify for the tender''s next stage.
“The Battery Energy Storage Systems (BESS) installations covered in this tender is supported through a US$23 million concessional loan to the Government of Maldives, allocated from Clean Technology Fund,” the ministry said in a statement.
Both projects will be developed under the umbrella of the World Bank''s Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) initiative, which is aimed at helping Maldives accelerate its transition to renewable energy sources.
At the end of 2020, the archipelago had about 15 MW of installed PV capacity, according to the International Renewable Energy Agency.
Despite these and other plans to develop renewables throughout the islands of the Maldives, the country still depends heavily on diesel fuel and is plagued by intermittent energy supplies and high costs. It is also particularly vulnerable to the impacts of climate change, as rising sea levels continue to swallow up its coastline.
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The Ministry of Environment, Climate Change and Technology (MOECCT) of the Republic of Maldives, in collaboration with the Asian Development Bank (ADB), extends a warm invitation to both local and international companies to participate in the bid submission process. The primary objective of this bid is the establishment of a 38MWh Battery Energy Storage system across 18 outer islands. For comprehensive details concerning this tender, kindly refer to the link provided below.
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