COLOMBO, Feb. 6 (Xinhua) -- Maldivian President Mohamed Muizzu announced on Thursday that the planned floating solar project will begin in 2027, with the government planning to issue Special Economic Zone Development permits to foreign investors this year.

Speaking at the first sitting of the first session of the People's Majlis, the unicameral legislative body of Maldives, for 2025, the president said the floating solar project aims to reduce the nation's reliance on non-renewable energy sources and add 100 megawatts of solar power to the national power grid.

Muizzu highlighted that 15 megawatts of renewable energy were integrated into the grid in 2024, and his administration plans to meet 33 percent of the country's energy needs from renewable sources.

He also noted that the government has launched the "Magey Solar" initiative to boost citizen participation in the renewable energy sector, allowing locals to benefit from cleaner energy generation. Enditem

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