The government said that the solar projects will be supported by the Asian Development Bank (ADB) and will be developed under a design, build, finance, own, operate, maintain and transfer basis.
“This is the largest renewable energy tender launched by the country in terms of capacity and investments,” it said in a statement.
Interested developers have until Aug. 10 to register with the country's Ministry of Finance for the tender process.
The Maldives had approximately 36 MW of installed PV capacity by the end of 2022, according to the International Renewable Energy Agency.
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