Skip to main content
CIF Logo
Top Menu
SEARCH
  • General
  • Governance
Use comma(,) to separate multiple keywords.
PARAMETERS
  • EXPAND ALL
  • COLLAPSE ALL
  • RESET FILTERS
Program
Select your Program:
Clean Technology Fund (CTF)
Topic
Select your Topic:
 Adaptation and Resilience
Capacity Building
Capital Markets Mechanism
CIF
Cities
Energy Transition
Equality
Health
Impact & Results
Knowledge & Learning
Mitigation
Stakeholders
Content Type
Publication
Select your Publication:
News & Media
Select your News & Media:
Event
Select your Event:
Country
Select your Country:
Asia
All
Europe & Central Asia
All
Latin America & the Caribbean
All
Middle East & North Africa
All
Sub-Saharan Africa
All
Implementing Partner
Select your Implementing Partner:
Dates
PARAMETERS
  • EXPAND ALL
  • COLLAPSE ALL
  • RESET FILTERS
Documents by Type
Select your Documents by Type:
Meetings
Policies and Strategic documents
Reports
Language
Select your Language:
Committee Meetings
Select your Committee Meetings:
Dates
Country
Select your Country:
Asia
All
Europe & Central Asia
All
Latin America & the Caribbean
All
Middle East & North Africa
All
Sub-Saharan Africa
All
Programs
Select your Programs:
Clean Technology Fund (CTF)
Content Type
CLOSE SEARCH

Search

Picture of SREP in which this project is tagged
  • Scaling Up Renewable Energy Program in Low Income Countries (SREP)
  • Renewable Energy Integration
  • Climate Finance
  • Private Sector
Project id: XSREMV024A

Accelerating Sustainable Private Investments in Renewable Energy (ASPIRE) Program

Project Snapshot

GENERAL INFORMATION

TitleAccelerating Sustainable Private Investments in Renewable Energy (ASPIRE) Program
Project id
XSREMV024A
Country
Maldives
RegionAsia
Program
Scaling Up Renewable Energy Program in Low Income Countries (SREP)
Programming Type IP
Status
MDB Board Approval

FINANCING

Approved Amount (USD MILLION)
11.68
FINANCIAL PRODUCT (USD MILLION)
Grant : 11.68
CIF Funding
11.68
Co financing
58
Committee approval date
04/10/2014
MDB approval date
06/26/2014
MDB / IMPLEMENTING PARTIES
International Bank for Reconstruction and Development
SECTOR TYPE
Public Sector

DOCUMENTS

Document Links
Cover Page
Decision Document
More Information

Netherlands (March 20, 2014)  
Switzerland (April 1, 2014) 
United States (April 1, 2014) 
Netherlands (April 2, 2014)  
United Kingdom (April 2, 2014)  
Netherlands (April 4, 2014) 
United States (April 9, 2014)
IBRD Response to Netherlands (March 28, 2014)
IBRD Response to United States (April 1, 2014)
IBRD Response to Netherlands and Switzerland (April 4, 2014)

PROJECT FINANCING

  • Chart
  • Table
APPROVED CIF FUNDING
$11.68M
EXPECTED CO-FUNDING
$58M
SOURCES OF EXPECTED CO-FINANCING
Loading...
MDB
32% (16M)
Private Sector
68% (34M)
SourceData
MDB32% (16M)
Private Sector68% (34M)

Data as of December 31, 2023

This project contributes to the following sustainable development goals(SDGS)

Climate action
No Poverty
 Affordable and Clean Energy
Industry, Innovation and Infrastructure

Implementing Partners

Picture of International Bank for Reconstruction and Development

News Spotlight

Feature Story
CIF Delivers: Establishing a Viable Market for Clean Power in the Maldives 
Jul 16, 2025
Roof solar panels in Maldives

See Also

Picture of Preparing Outer Island Sustainable Electricity Development Project (POISED)
  • Case Study
  • Brief/Guidance Note
Preparing Outer Island Sustainable Electricity Development Project (POISED)
Dec 20, 2019
  • Linkedin Opens a new window
  • Youtube Opens a new window
  • Facebook Opens a new window
  • Instagram Opens a new window
  • Flickr Opens a new window 

©2025 Climate Investment Funds. All Rights Reserved.

  • Contact
  • Legal Opens a new window
  • Privacy Opens a new window
  • Disclaimer