ASPIRE

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Accelerating Sustainable Private Investment in Renewable Energy initiative, a US$11 million project for solar panels.

The ASPIRE project (Accelerating Sustainable Private Investment in Renewable Energy) is a World Bank-backed initiative in the Maldives to install floating solar PV systems, aiming to reduce fossil fuel dependence. It includes a 10 MW system in Addu City and panels along the Sinamalé Highway, expected to save millions in fuel costs.

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