Ministry of Environment aims to “transform the Maldives’ energy sector”
27 Mar 2014, 9:23 PM
Lucy Lovell
The International Renewable Energy Investor’s conference, focusing on the development of solar energy in the Maldives, took place yesterday (March 26) at Bandos resort.
The one-day conference – organised by the Ministry of Environment and Energy with the World Bank – aimed to transform the Maldives’ energy sector by reducing the dependency on costly fossil fuels for power generation.
The ministry reported that a total of 78 participants from government organisations, the World Bank, foreign consultants and investors discussed photovoltaic (PV) systems which could be established in Malé and Hulhumalé, as well as a framework for subsidies.
The conference came after the government last week outlined it’s strategic aims for renewable energy in a proposal named Accelerating Sustainable Private Investments in Renewable Energy programme (ASPIRE).
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