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

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

APPROVED CIF FUNDING

$11.68M

EXPECTED CO-FUNDING

$58M

SOURCES OF EXPECTED CO-FINANCING

MDB

32% (16M)

Private Sector

68% (34M)

Source	Data
MDB	32% (16M)
Private Sector	68% (34M)

Data as of December 31, 2023

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

Implementing Partners

News Spotlight

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CIF Delivers: Establishing a Viable Market for Clean Power in the Maldives 

Jul 16, 2025