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ACCELERATING SUSTAINABLE CLEAN ENERGY INVESTMENTS FOR NET ZERO TRANSITION

Abstract*

The proposed Additional Financing project Accelerating Sustainable Clean Energy Investments for Net Zero Transition (ASCENT) aims to support the energy system in the Maldives transition to renewable energy from existing fossil fuel-based system. The proposed project (ASCENT) is an extension of ARISE and aims to amplify and extend the existing components by integrating new subcomponents and components to support Government of Maldives (GoM) Energy...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The development objective is to increase renewable energy generation capacity and enhance the financial and environmental sustainability of the power sector in the Maldives.

Key Details

Project Details

  • P180777

  • Dropped

  • Amit Jain

  • Republic of Maldives

  • Maldives

  • March 20, 2024

  • (as of board presentation)

    N/A

  • N/A

  • US$ 0.00 million

  • Ministry of Environment

  • South Asia

  • 2026

  • US$ 0.00 million

  • N/A

  • Not Applicable

  • January 31, 2026

  • TBD

  • BEGIN APPRAISAL

  • P172788

  • April 23, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount N/A
Total Project Cost** 0.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.