- President Muizzu called for affordable financing and international support to expand renewable power and energy storage across the Maldives at COP31.
- Reducing fuel dependence would strengthen energy security, protect the economy and ensure reliable electricity, though island distances raise infrastructure costs.
- The Maldives aims to generate 33 per cent of electricity from renewables, guided by its Energy Sector Roadmap 2024–2033.
The Maldives needs affordable financing to expand renewable power and energy storage across its islands and reduce its reliance on imported fuel, President Dr Mohamed Muizzu said at COP31 in Antalya, Türkiye.
Speaking at a high-level dialogue on clean energy and electrification during the COP31 Leaders’ Summit, President Muizzu called for greater international support, including better access to technology and investment in energy infrastructure. He said reducing fuel dependence would strengthen the country’s energy security, protect its economy and help maintain a reliable electricity supply.
The Maldives set a target in 2023 to generate 33 per cent of its electricity from renewable sources. President Muizzu said reaching that target would require substantial investment in both generation and storage. The distance between islands raises the cost of building and maintaining the infrastructure needed to expand renewable power across the country.
The Maldives Energy Sector Roadmap 2024–2033 sets out how the country plans to shift from fossil fuels to a more cost-effective and reliable energy system. President Muizzu urged countries to turn their clean energy commitments into action and said the Maldives was ready to work with international partners on the transition.
