The Ministry of Climate Change, Environment and Energy concluded agreements for a 15MW solar photovoltaic system, the largest solar development in the country to date, under the ARISE initiative with contractor Sinosoar Hybrid Technology and STELCO. The scheme is expected to displace about 15 million litres of imported diesel annually and cut fuel expenditure by an estimated USD 11.6 million per year.
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Sinosoar Hybrid Technology · Deliver the 15MW solar venture through a 20-year Design, Build, Finance, Own, Operate, and Transfer model backed by private capital.
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concluded agreements to install a 15-megawatt (MW) solar photovoltaic system, marking the largest solar development in the nation to date.
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Sinosoar will deliver the venture through a 20-year Design, Build, Finance, Own, Operate, and Transfer model backed by private capital.
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dividing generation capacity between a 2MW array distributed across six outer islands and a 13MW installation dedicated to major regional centres.
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dividing generation capacity between a 2MW array distributed across six outer islands and a 13MW installation dedicated to major regional centres.
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the installation will elevate the joint generation capacity of the ARISE scheme and its predecessor, the Accelerating Sustainable Private Investments in Renewable Energy (ASPIRE) project, to 34MW.
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This collective output represents roughly 30 per cent of the 110MW total renewable capacity targeted across the archipelago by the end of 2025.
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roughly 30 per cent of the 110MW total renewable capacity targeted across the archipelago by the end of 2025.
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the new solar infrastructure will displace approximately 15 million litres of imported diesel annually
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reducing national fuel expenditure by an estimated USD 11.6 million per year.
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the expansion directly advances the national target to source 33 per cent of the country’s electricity from renewable technologies.
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