Fenaka Corporation's ambitious In-house Solar Program is set to revolutionize energy production across the islands it serves, leading to significant cost savings and environmental benefits. Under this initiative, solar panels will be installed on the rooftops of Fenaka's powerhouses and office buildings throughout the country.

The project, which involves the installation of a total of 5.2 MWp of solar capacity, will cover all islands under Fenaka's jurisdiction. With a budget of MVR 92 million, the project is expected to save approximately 2.6 million liters of diesel annually, translating to a financial saving of MVR 19.9 million per year. The solar systems will range in size, with installations of 18 to 30 kW of grid-tied solar power planned. The project is slated to begin early next year.

As part of its broader renewable energy strategy, Fenaka is not only installing solar systems but is also making significant strides in expanding its renewable energy portfolio. The corporation is collaborating with the Ministry of Environment, Climate Change, and Technology, as well as the Asian Development Bank (ADB), through the 'Poised Project' to enhance solar energy capacity in various islands of the Maldives.

In the past two years, Fenaka has successfully installed 191 kW of solar power on buildings in eight islands. Additionally, a total of 14 MW of solar systems have been deployed and are operational across islands served by Fenaka under different projects. These initiatives are expected to bolster the government's efforts to increase renewable energy usage, contribute to the rapid growth of the country's energy sector, and promote eco-friendly electricity generation. This progress aligns with the nation's commitment to achieving the Sustainable Development Goals.