Electricity in Maldives in 2023

The current state of electricity consumption in the Maldives is heavily reliant on fossil fuels, with more than 90% of its electricity generated from these sources in 2023. Close to none of the electricity generation comes from low-carbon sources, with solar energy being the sole contributor, accounting for just over 7% of the total. This is a significant reliance on fossil energy, suggesting a pressing need for a transition towards cleaner energy options to mitigate environmental impacts and enhance sustainability.

Suggestions

To increase its low-carbon electricity generation, the Maldives can draw inspiration from countries that have successfully transitioned to cleaner energy sources. For example, Denmark has achieved more than half of its electricity from wind, showing strong potential for small island nations with favorable wind conditions. Similarly, the UAE demonstrates the vital role nuclear energy can play in diversifying energy sources, generating 20% of its electricity this way. By investing in both solar and wind within its own geographical context, and exploring viable nuclear options, the Maldives can reduce dependency on fossil fuels and boost its clean electricity share.

History

Historically, there have been no significant changes in the low-carbon electricity sector in Maldives, particularly from solar energy, over the past decade. From 2014 to 2023, there has been no increase in the electricity generated from solar power, indicating a lack of development in this sector. This stagnant trend underscores the need for strategic initiatives and investments to invigorate the adoption of solar and potentially wind, or to explore options for nuclear energy, to spur growth in sustainable energy generation for the country.

Electricity Imports and Exports

Balance of Trade

Data Sources