Sri Lanka Gets $150M to Boost Solar, Wind Energy by 2030
The World Bank has approved a $150 million financing package to support Sri Lanka''s transition to clean energy. This initiative aims to add 1,000 megawatts (1 gigawatt) of solar and wind
The World Bank has approved a $150 million financing package to support Sri Lanka''s transition to clean energy. This initiative aims to add 1,000 megawatts (1 gigawatt) of solar and wind
PDF version includes complete article with source references. Suitable for printing and offline reading.
An all island Wind Energy Resource Atlas of Sri Lanka was developed by National Renewable Energy Laboratory (NREL) of USA in 2003, indicates nearly 5,000 km 2 of windy areas with good-to-excellent wind resource potential in Sri Lanka. About 4,100 km 2 of the total windy area is on land and about 700 km 2 is in lagoons.
The program also supports the upgrades to Sri Lanka’s electricity grid, enabling it to better handle renewable energy and reduce power outages. This modernization will help stabilize electricity prices and improve energy access for households and businesses across the country.
Factors such as wind speed, wind direction, topography, and proximity to the power grid need to be assessed to determine the site's suitability for wind power generation. At present, higher wind potential areas in Sri Lanka are analyzed to construct effective wind power plants.
The primary objective of the energy policy is to ensure energy security through supplies that are cleaner, secure, economical, and reliable, and to provide convenient, affordable energy services to support the socially equitable development of Sri Lanka.