The Government of Maldives and APM SPV Pvt Ltd Sign Landmark Agreement for the Nation’s First 100MW Floating Solar Project

On 1st July 2025, the Government of Maldives and APM SPV Pvt Ltd signed a historic Investment Agreement to develop a 100-MW floating solar power project, marking the first project to receive a permit under the Special Economic Zones (SEZ) framework. The project directly supports President Dr. Mohamed Muizzu’s Vision 2040, which places sustainability at the forefront of national progress and reinforces the Maldives’ commitment to clean and sustainable energy.