England-based clean energy systems developer, Global OTEC Resources has opened applications for potential off-takers in the Maldives to buy energy.
Ocean thermal energy conversion (OTEC) is an application of solar energy in which the heat that the ocean captures from the sun’s rays is used. It is a technology for converting some of the energy that the tropical oceans absorb from the sun, first into electricity and then into fuels.
This would reduce a large amount Maldives spends on importing diesel, improving the financial position of the country.
“This scaled-down system could provide local islands, such as Fenfushi, with 100 per cent of its yearly electricity demand. For island resorts, it would provide between 20 % and 50% of average energy requirements,” states the release by Global OTEC Resources.
The deadline for the application is 31st of January and it can be done through the company’s website.