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Applications opened for the 'Magey Solar Programme'

The Ministry of Climate Change, Environment and Energy has launched the application process for solar system installations under the Magey Solar Programme. Applications opened on October 28 and can be submitted through a dedicated portal.

This initiative aims to reduce household electricity expenses and promote the use of renewable energy resources in the Maldives. It is a joint venture between the Fenaka Corporation and the Ministry, funded by the Asian Development Bank (ADB).

A total of 748 households will receive solar systems, with specific allocations for each atoll published in the Government Gazette. The programme offers 3 kW and 5 kW single-phase and three-phase systems, with the size determined by household surveys conducted under the net metering rule.

The Ministry has confirmed that there will be no advance payment required for the solar PV systems. However, a 10% installation fee, based on the system price, is required at the time of contract signing. Prices are set at USD 2,929 for a 3 kW system and USD 4,883 for a 5 kW system, with payment options available as a lump sum or in instalments over five years.

The programme aims to reduce electricity consumption and enhance the use of renewable energy in the Maldives, supporting the government’s target of generating 33% of the country’s electricity from renewable sources.