Electricity in Maldives in 2022

The current state of electricity consumption in the Maldives is heavily reliant on fossil fuels, with more than 90% of electricity being generated from these sources. Low-carbon or clean energy sources, such as solar power, account for a small fraction, roughly 7% of the total electricity consumption. This heavy reliance on fossil fuels results in significant carbon emissions and air pollution, contributing to climate change and environmental degradation. The low percentage of clean energy indicates an opportunity and need for the Maldives to diversify its electricity generation to reduce its carbon footprint and improve environmental sustainability.

Suggestions

To increase low-carbon electricity generation, the Maldives can take cues from countries that have successfully integrated a high share of clean energy into their electricity mix. For instance, Denmark generates about 61% of its electricity from wind power, a sustainable energy source well-suited for the Maldives given its favorable wind conditions. Additionally, Greece and Chile have both achieved significant shares of solar power at 22% and 21%, respectively, demonstrating that with the right policies and investments, solar power can be a major component of a country's electricity mix. By adopting similar strategies, such as investing in modern solar farms and wind turbines, the Maldives can increase its share of low-carbon electricity and move towards a more sustainable energy future.

History

Examining the history of low-carbon electricity in the Maldives reveals a stagnant growth pattern for the past decade. From 2014 to 2022, electricity generation from solar energy has remained unchanged, contributing nothing additional to the grid each year. This consistent lack of growth suggests that significant efforts have not been made to enhance low-carbon electricity production. It is imperative for the Maldives to break this trend and prioritize the development and scaling of solar power to reduce dependence on fossil fuels and promote green energy solutions, following the example of other nations that have successfully increased their share of clean electricity through focused initiatives and investments.

Electricity Imports and Exports

Balance of Trade

Data Sources