Overview
In April 2024, the Government of the Maldives issued Abraxas Power the first permit under the Special Economic Zone Act to construct a 100 MW floating solar renewable energy project within newly reclaimed barrier islands. Project Solar City will be the largest energy project in the Maldives. Only 4km from Male/Hulhumale, Solar City demonstrates the viability of integrating intermittent renewable energy into island grids.
Project Highlights
Local and National Benefits
- Green energy to replace up to 33% of the capital’s energy
- Fuel savings estimated at 45M USD per year
- Expanded island employment opportunities
- Reclamation of land for island protection and tourism
Global Benefits
- Viable integration of intermittent renewable energy generation to island grids.
- Carbon savings estimated at 190,000 tonnes annually
- Long-term plans include a research and development facility to study new types of energy efficiency and generation for vulnerable island nations.
Maldives Metrics
100 MW Floating Solar
Renewable Capacity Under Development
2.3 Bn USD
Economic Benefits to the Nation over the Lifetime of the Project
9.3 M tCO2
Carbon Savings over Lifetime of the Project