Why the Maldives 5 MW solar project is a game
Now, one of the first sights for any of the 1.7 million tourists visiting the Maldives will be that of the 5 MW solar installation on the
Now, one of the first sights for any of the 1.7 million tourists visiting the Maldives will be that of the 5 MW solar installation on the highway linking the airport island to Male and its satellite town of Hulhumale.
In 2022, 63 investor expressed interest in the third 11 MW solar project in the remote islands of Maldives, and a record low price of 9.8 US cents was received. This is one of the lowest tariffs for any small island developing state (SIDS).
The nation's reliance on imported fossil fuels has long been a significant economic burden. By harnessing solar energy, the Maldives can reduce these imports and invest more in local infrastructure. The launch of the floating solar island is just the beginning, as Abraxas Power has ambitious plans to expand the project in the years ahead.
The floating solar island is poised to have a profound impact on the Maldives. By cutting carbon emissions by 100,000 metric tons each year, the project supports the country's goal of achieving net-zero emissions by 2030. It also serves as a model for other island nations and remote communities looking to transition to renewable energy.
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