• What can we learn from the Maldivian energy project?
  • The project in the Maldives explores the potential of other renewable energy sources like wind and hydrogen, as well as new technologies such as EV charging stations and vehicle-to-grid technologies. We can learn from these efforts to expand the use of renewable energy and innovative technologies in the Maldivian energy sector.
  • How will aspire and rise help the Maldives’ energy transition?
  • World Bank-financed projects ASPIRE and ARISE support the Maldives’ energy transition by installing more than 53.5 megawatts of solar capacity and 50-megawatt hours of battery storage. This will reduce Maldives’ annual import bill by about $30 million, with a project lifetime saving of $756 million over 25 years.
  • What is Maldives’ energy transition?
  • This publication serves as a guide for Maldives¡¯ energy transition¡ªfrom being powered by costly and polluting fossil fuels to being sustained by clean and efficient renewable energy sources. PDF (3.42 MB) ePub (15.84 MB)
  • Should the Maldives invest in renewables?
  • While the required upfront investments are high, investing in renewables can help the Maldives to lower its cost of electricity service, fuel import bill and subsidy expenditure, reduce carbon emissions, and create new jobs.
  • Why is the Maldives moving away from fossil fuels?
  • The Maldives is transitioning to renewable energy sources to reduce their carbon footprint significantly. In doing so, they will be shifting away from fossil fuels. “The World Bank has been adjusting its program to respond quickly to the threats posed by the COVID-19 pandemic while focusing to bolster economic recovery and resilience.
  • Does Maldives have fossil fuels?
  • PDF (3.42 MB) ePub (15.84 MB) Maldives has no proven fossil fuel reserves, but it has abundant renewable energy sources such as solar, wind, and ocean (tidal, wave, and ocean thermal)¡ªwith the potential to produce green hydrogen fuel.