What is the potential for the production of electricity in Maldives?

The potential for producing electricity in Maldives lies primarily in ocean energy. This includes marine current energy, wave energy, and ocean thermal energy conversion (OTEC). Further feasibility studies are needed to determine the real potential and the best technological pathways and costs of these options.

Why solar PV with storage in Maldives?

Solar PV with storage has proven suitable and competitive for Maldives' high penetration of renewable energy (POISED type B projects), with an average fuel savings of 25%. The concept design of hybrid systems (efficient diesel generators + solar PV plants + energy storage) has resulted in success for Maldives.

What is the main energy supply in Maldives?

These are calculated based on 2011 data for all the countries except for obtaining the SIDS average where 2009 figures are used. The main primary energy supply in Maldives is still dependent on imported fossil fuel (99.9%). Bulk of this imported fuel is diesel and the main energy used for production of electricity and transport.

How is electricity price determined in Maldives?

All the energy requirements are met by imported fossil fuel and its price is determined by world market price. The price of electricity for public supply is regulated by Maldives Energy Authority. The calculation of electricity tariff is based on the cost of electricity generation, distribution and ability to pay.

Is Maldives a net energy importer?

The Maldives is a net energy importer of petroleum products. There is no major energy production in the country except for electricity production from diesel fired power stations. Energy demand and supply analysis are given in Table 5 and 6.

How much solar energy does the Maldives receive?

Maldives, located in the Equator, receives abundant solar energy. Specifically, it receives about 400 Million MW of solar energy per annum.