Will a 5 MW solar installation make Maldives a popular destination?

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.

Why are engine power plants important in the Maldives?

“Maldives is an island nation mainly thriving on tourism and resorts. The engine power plants are required to perform at optimum levels at all times to ensure a reliable supply of energy for the communities and businesses in varying situations.

How much does a solar project cost in Maldives?

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).

How much power does Wärtsilä provide to Maldives?

All these installed generating sets are in use, efficiently providing power to their regions. The total generating capacity supplied by Wärtsilä to Maldives is currently approximately 100 MW. The relationship has been further strengthened by Wärtsilä’s lifecycle services.

Are there mobile operators in the Maldives?

There are two mobile operators in the Maldives, Ooredoo and Dhiraagu. They cover 99% of the territory of the Republic of Maldives. Even if you are traveling by public ferry or between local islands, mobile communications and the Internet will still be with you in the Indian Ocean. Dhiraagu is believed to have the best coverage.

Should investors invest in sustainable solar projects in the Maldives?

In 2014, the first 1.5 MW solar project under ASPIRE only had four investors bids, and resulted in a high power purchase price (PPA) of 21 US cents per unit of electricity, indicating a lack of interest from investors in investing in sustainable projects in the Maldives.