Magey Solar program Launched to Power Maldives with Rooftop Solar

Fenaka, in partnership with the Ministry of Climate Change, Environment and Energy, has officially launched the Magey Solar program, an ambitious initiative aimed at harnessing solar energy by installing photovoltaic (PV) systems on the rooftops of private homes across the Maldives. This program is part of the government's broader strategy to achieve 33% renewable energy consumption by 2028, significantly reducing reliance on imported fossil fuels.

The Magey Solar program aims to streamline access to solar energy for residents while also reducing public expenditure on electricity. Eligible participants must be customers of Fenaka with an active electricity subscription. Interested individuals can apply through the dedicated Magey Solar website or by scanning a QR code provided in various promotional materials.

Upon submitting their application, participants will receive a unique order ID, which they can use to track their request status. Fenaka's team will then schedule a site visit to assess the feasibility of installing solar panels. Following this assessment, applicants will receive an SMS notification detailing whether their order has been accepted or rejected.

The program offers two system sizes: 3 kW and 5 kW, available in both single-phase and three-phase configurations. Notably, no advance payment is required for the solar PV systems. However, there is an installation fee of 10% of the total system price, payable at the time of signing the contract. The cost for a 3 kW system is MVR 45,000, while a 5 kW system is priced at MVR 75,000. The Ministry plans to distribute a total of 748 solar PV systems across various provinces, with Addu City receiving a significant share of the initial rollout, which includes 88 systems.

As part of the application process, households will undergo a survey to determine suitable locations for solar installations and the appropriate system size based on their energy consumption. The allocation of solar PV systems will be handled on a first-come, first-served basis, emphasizing the need for timely applications.

The Magey Solar program also provides flexible payment options. Once an order is accepted, participants can choose from various payment plans spanning one, three, or five years. If opting for installments, the monthly electricity bill will incorporate the amount due for the solar system, making it more manageable for households to finance their energy transition.

Environment Minister Thorig Ibrahim highlighted that the initiative is poised to generate a total of four megawatts of electricity, further strengthening the Maldives' renewable energy infrastructure. The ministry emphasizes that solar systems installed under the program will be the responsibility of the homeowners for maintenance and repairs, ensuring sustainability and efficiency.

This project aligns with the Maldivian government's commitment to mitigating climate change and promoting energy independence. By increasing the utilization of available renewable resources, the Magey Solar Program not only aims to reduce electricity costs for consumers but also contributes to the nation’s long-term environmental goals.

As the Maldives navigates the challenges of energy consumption in a rapidly changing climate, the Magey Solar Program marks a significant step toward a sustainable and economically viable future for all residents. Interested individuals are encouraged to apply now by visiting mageysolar.fenaka.mv to seize this opportunity to participate in the nation’s renewable energy revolution.