SgurrEnergy to develop Sri Lanka''s first 100 MW solar-plus-storage
The project will feature advanced technologies such as bi-facial or mono PERC modules, string inverters, and tracking systems, and is expected to set a benchmark for future
“We are excited to work with both the government and private sector to make this shared vision a reality. The program will support new solar and wind energy projects that will add 1 gigawatt of clean electricity to the grid – bringing Sri Lanka closer to its goal of generating 70 percent of its electricity from renewable sources by 2030.
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.
“Sri Lanka's energy transition is an opportunity to expand clean energy, improve energy access, and build long-term resilience,” said Imad N Fakhoury, IFC's Regional Director for South Asia. “Achieving this requires close collaboration and investment from both public and private sectors.
The World Bank Group today approved a new US$150 million program to support Sri Lanka's move toward clean, reliable, and affordable energy. The program, titled “Secure, Affordable, and Sustainable Energy for Sri Lanka”, will support the country reduce its reliance on expensive fossil fuel imports and accelerate its shift towards solar and wind.
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