Maldives is seeking private investors for the development of a 15MWp, grid-tied ground mounted solar PV Systems based on a Power Purchase Agreement (PPA) model.
This sub-project is the 4th of its kind, within a pipeline of sub-projects developed and offered under a World Bank supported program, collectively Accelerating Sustainable Private Investments in Renewable Energy (ASPIRE) and the Accelerating Renewable Energy Investments and Sustainable Energy (ARISE) Project.
With the help of a guarantee facility and other incentives for private investors, these projects seek to lower the risk associated with solar PV investments throughout the Maldives. As of now, two sub-projects which totals to 7 MWp are in operation, along with an 11 MW solar PV subproject in construction stage.
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 here at the Ministry of Finance.
- Pre-bid Meeting will be held on 12th August 2024, at 11:00 h (Male’ Time). See meeting link here (Meeting Link).
Registration for Pre-bid Meeting is not compulsory (and is free). However, bidder registration is required for bid submission. See the relevant links above for more details.