The Maldives Opens Pre-qualification For 11-14 MW Solar PV Tender

• Under World Bank-supported Accelerating Renewable Energy Integration and also Sustainable Energy (ARISE) project, the Maldives has opened pre-qualification for a solar PV tender of 11-14 MW ability array.

This PV setup project covers hybridisation of fourteen island grids which presently depend almost totally on diesel for power generation. Interested programmers can submit applications for pre-qualification on or prior to 1 PM Maldivian time on 9th September 2021.

Maldives aims to speed up renewable energy growth through private sector interaction and the current basic public personal partnership project framework was established with aid from World Bank. The first pioneering project under the framework for 1.5 MW rooftop PV setups has actually been finished and functions since March 2018. Extra two sub projects, that include 5 MW framework place PV installations (currently in the building and construction stage) and also a 21 MW project (in tender phase) have actually been the outcome of continued initiatives of this working design.

PV systems in this pre-qualification will certainly likewise adhere to the claimed framework where projects will be developed on Style, Build, Finance, Own, Operate and also Transfer (DBFOOT) basis. Successful bidder would certainly be needed to sign a long-term Power Purchase Contract (PPA) with the existing electrical energy provider along with other collection of conventional agreements. The bidder will be sustained by risk reduction instruments extended by World Bank via ARISE project.

This includes tariff acquire down support, payment assurances and MIGA guarantees for various non-commercial risks. Maldives looks for to be a carbon neutral nation by 2030 and support with projects such as ARISE is setting trajectory for the process.

The ARISE project consists of a target of generating 36 MW of new solar PV installments with an approximated 40MWh of Battery Energy Storage Systems (BESS), and also grid facilities upgrades. Currently energy from renewables make only 4% of the nationwide energy mix as well as thus substantial development in renewables will certainly be needed for Maldives in the coming years to meet the tidy energy targets for the nation.