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Maldives issues tender for 40MW / 40MWh of battery storage

World Bank approves USD 107 mln project for Maldives' renewable energy transition


The Edition
Fathmath Shaahunaz
13 December 2020, MVT 13:44
Aerial view of solar panels on the roof of a building. The World Bank has approved a new project worth USD 107.4 million to help accelerate the transition of Maldives to renewable energy.
Fathmath Shaahunaz
13 December 2020, MVT 13:44
The World Bank Group’s Board of Executive Directors on Friday approved a USD 107.4 million project to help Maldives transition to renewable energy and support sustainable recovery.
According to the Group, the new project titled Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) will build on the Accelerating Sustainable Private Investments in Renewable Energy (ASPIRE) , an existing initiative funded by the organisation to bring in private investors to increase the country s renewable energy capacity. ....

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