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Carbon Portfolio / Maldives Captive Solar PV
Maldives Captive Solar Photovoltaic Renewable Energy
Project Type
Renewable Energy
Rooftop + floating solar PV
Registry
Gold Standard
GS23528 & GS23649
Status
Listed
Next issuance Q3 2027
Credits / Year
45,000
tCO₂e, estimated average per year
Country
MaldivesHost country
CORSIA Eligibility
CP1 & CP2
Compliance periods 2024 to 2029
Methodology
AMS-I.F
Renewable electricity generation for captive use
Crediting Period
2025 to 2040
15-year program
Key activities
- Power island communities with clean energy from rooftops and the sea.
- Replace diesel generators that burn imported fuel.
- Make island electricity more resilient and affordable.
- Create skilled local jobs in solar installation and maintenance.
Project Pictures
Voices from the Project
Island electricity in the Maldives has long relied on diesel generators. This project replaces that diesel with rooftop and offshore floating solar built for saltwater and tropical conditions, delivering measurable, verifiable CO₂ reductions on isolated island grids.
Project location
- Country
- Maldives
- Area
- Nationwide
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Project partners and roles
Project Implementation Partner
- Rooftop & floating solar installation
- Marine-grade system engineering
- Metering & operations
CORSIA / Article 6 timeline
Where this project stands on the path to CORSIA-tagged units.
- Completed
Registration of project
Listed with Gold Standard
- 2In progress
Letter of Approval / Letter of No Objection
Approval from the host country
- 3Pending
Letter of Authorization
Article 6 authorization from the host country
- 4Pending
Insurance / Corresponding Adjustment
Insurance or corresponding adjustment in place
- 5Pending
CORSIA Tag
Applied by the registry
Certified SDG Impact
The project contributes to 5 UN Sustainable Development Goals. Select a goal to see how.
5UN SDGs
Emission reduction plan for the first 5 years
Base scenario in tCO₂e, rounded to the nearest 1,000. Issuance follows in Q2 of the year after each monitoring period.
| Monitoring period | tCO₂e (base) | Issuance |
|---|---|---|
| 2025 to 2026 | 25,000 | Q2 2027 |
| 2026 to 2027 | 45,000 | Q2 2028 |
| 2027 to 2028 | 45,000 | Q2 2029 |
| 2028 to 2029 | 45,000 | Q2 2030 |
| 2029 to 2030 | 45,000 | Q2 2031 |
Total over 5 monitoring periods205,000tCO₂e, base scenario
Every issuance lands in Q2 of the year after its monitoring period closes.
Integrity through real-time digital MRV
Calibrated meters record every kilowatt-hour fed into island grids. Generation data, operational documentation and periodic third-party verification flow through Econetix's monitoring workflow, supporting credible issuance throughout the crediting period.
Project data note: Forward-looking credit volumes, emission reductions, removals, issuance dates and eligibility statements are estimates or current project-status information unless expressly stated as issued or verified. Actual outcomes may differ and remain subject to project performance, monitoring, independent verification, methodology and registry requirements, host-country approvals where applicable, and credit issuance.