A Brighter Future for Maldives Powered by Renewables

2 minutes read
November 27 , 2020

SQ Consult has prepared for the Government of Maldives and the Asian Development Bank (ADB) the Road Map for the energy sector 2020–2030. This publication serves as a guide for Maldives’ energy transition—from being powered by costly and polluting fossil fuels to being sustained by clean and efficient renewable energy sources.

Maldives has no proven fossil fuel reserves, but it has abundant renewable energy sources such as solar, wind, and ocean (tidal, wave, and ocean thermal)—with the potential to produce green hydrogen fuel. The coronavirus disease (COVID-19) pandemic has impaired the economy and severely affected the tourism industry, which is one the main economic drivers of Maldives. The country’s recovery largely depends on the rapid transformation and diversification of its economic activities. Renewable energy offers a promising alternative as Maldives embarks on a transformation challenge.

The work done for developing this Road Map has also informed the recently approved ADB’s 5-year country partnership strategy (CPS) for Maldives covering 2020–2024. The new ADB’s partnership strategy will support Maldives to take on a more resilient, sustainable, and inclusive path for development, and emerge stronger from the coronavirus disease (COVID-19) pandemic.

Download the report here

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SQ Consult offers its public and private clients energy expertise ranging from policy design and evaluation,  and from reform of energy markets to energy systems design. 

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Sergio Ugarte

Our expert

Sergio Ugarte

Experienced in overseeing project delivery of complex projects with over 25 years track record in energy and sustainability issues in a wide geographical scope across continents. 

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