MALDIVES SIGNS AGREEMENT TO INSTALL BATTERY
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Maldives: Maldives Solar Power Development and Energy Storage Solution 2. Project Summary and Objectives Project Summary: The project involves the development of a 36-megawatt (MW) solar power project and 50 megawatt hours (MWh) of battery energy storage solutions across various selected islands in the Maldives.
Since then, the country has experienced political upheaval, a period of authoritarian retrenchment, and more recently, a return to democracy and calm under the leadership of President Ibrahim Mohamed Solih. The Maldives would like to rapidly deploy renewable energy, primarily solar, given our abundant sunshine.
Taking advantage of that World Bank guarantee, and the private investments that followed, the Maldives is rolling out solar projects from the capital city, Malé, to far-flung island communities. Short on land, the country is even pioneering the use of floating banks of solar panels in lagoons.
But recent solar and battery storage projects, financed with the help of the World Bank, offered a path around those high capital costs so we could deploy renewable energy projects across our archipelago. They provide a template for other nations struggling with the same financing dilemma. The Maldives is a new and fragile democracy.
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