[ezcol_1half]World Bank approved an IDA guarantee towards the Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE) Project. This project is also funded by the Scaling up Renewable Energy Program (SREP) which is one of the programs of the Climate Investment Funds. The funding aims to   develop new electricity generation capacity with renewable solar photovoltaic (PV) energy resources

First green consulting pvt ltd has been given assignment to promote solar roof top pv system in Maldives so that it can lead to a significant reduction of the government subsidy on the diesel based generation.

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Key Highlights

  • Enable private sector investing in PV infrastructure development.
  • Diversify the investment base in the country through developing a local market and expertise in renewable energy. This will benefit the private sector engaging in the renewable energy sector of Maldives.

Outcomes/benefit

“ASPIRE will enhance development of this new energy generation resource and help the government reach its stated goal of becoming carbon neutral by 2020”.

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