Ministry of Climate Change, Environment and Energy has signed an agreement with JV Wisdom NEGO, with the goal of procuring the first 3MW systems to be installed under the Magey Solar Project. The agreement was signed by Minister Thoriq Ibrahim and Wang Tao. The installation of the systems under the project is also a part of the ministry's policy to increase the utilisation of clean energy, with the assistant of the Asian Development Bank (ADB).
This project aligns with President Dr. Mohamed Muizzu's unwavering commitment to transition from conventional to renewable energy sources, such that the required electricity generated from renewable sources is 33% by the end of his tenure. Aiming to achieve this overarching goal, Magey Solar Project was launched. The project intends to ensure the provision of electricity from renewable resources, reducing the electricity bills of households and encouraging individuals to utilise renewable resources, thereby benefitting the society and the economy as a whole. Under the project, plans have been made to install 10 MW solar power systems in several islands of the nation.
The agreement signed encompasses the purchase of 375 3KW systems and 375 5kW systems. The installation of these systems will ensure electricity provision to 750 households. Currently, the 65kW solar power systems installed within the nation generates only 5% of the required electricity.