Maldives is seeking investors/developers for the development of a 10MWp grid-tied Floating Solar PV System under a private investment model based on a Power Purchase Agreement (PPA) framework.
This is offered under an International Competitive Bidding (ICB) approach through the National Tender. Although floating solar PV is not a completely new concept for the Maldives, this is also the first public tender of this scale in the country.
This tender is supported by the World Bank, under the Accelerating Renewable Energy Investments and Sustainable Energy (ARISE) Project. Similar to the 15MWp Ground Mounted Solar PV tender published recently, this 10MWp Floating PV sub-project comes with a risk mitigation framework provided through the ARISE Project. Such is expected to make investments in innovative technologies such as floating PV more attractive.
More information on this new tender and the related pre-bid meeting are as follows:
- Full Tender Notice, Bid Documents, and supplementing info are available at the Ministry of Finance Website [ Page Link Here]
- Pre-bid Meeting will be held on 21th August 2024, at 11:00hrs Maldives Time (ie-UTC+5 hrs). [Meeting Link Here]
Registration for Pre-bid Meeting is not required (and is free). However, bidder registration is required for bid submission. See the relevant links above for more details. Both local and international bidders are encouraged to participate in the pre-bid meeting.