Sri Lanka in fresh push for 100MW floating solar project

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The project was initially proposed by Sri Lankan president Maithripala Sirisena (Credit: Sri Lankan government)

The Sri Lankan government has revived previously announced plans for a 100MW floating solar project, green-lighting its construction alongside Canadian partners.

Earlier this week, the cabinet of ministers signed off on the addition of a floating installation on the Maduru Oya reservoir, on the island’s east.

The scheme was first proposed in 2017 and will now be, ministers agreed, developed through a joint venture with Canadian Solar Institute; the partnership was proposed by Canada’s own government.

The project approved this week is a joint proposal by Sri Lankan president Maithripala Sirisena – who is also minister for developments in the Mahaweli basin, where the reservoir sits – and energy minister Ravi Karunanayake. Its next few steps will be decided by a newly-created steering committee.

The go-ahead to floating PV follows the decision by ministers, only last week, to approve the development of 28 small-scale solar projects across the island. The plants, selected by a negotiation committee, will sell power at prices of LKR12.84-15.93 (US$0.072-0.089) per kWh.

Sri Lanka was active last year working to promote PV, announcing a 10MW tender and a 90MW RfP for small-scale solar. In 2017, the country raised US$50 million from the Asian Development Bank for the deployment of a 50MW rooftop PV pipeline.  

Read Next

April 14, 2021
Solar industry players should collaborate with governments and regulators to overcome floating PV permitting and bankability issues and unlock the potential of the technology in Europe, a panel has concluded.
April 12, 2021
The April 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, featuring lessons from Asia on how to push floating solar forward.
April 8, 2021
Green hydrogen may become cheaper than natural gas by 2050, falling by 85% over the next 30 years, but declining costs in the solar sector will be crucial for the nascent technology's growth.
April 6, 2021
A 12.9MW floating PV plant is set to be deployed at a hydropower reservoir in Albania thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD).
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.
March 31, 2021
Renewables investor Cubico Sustainable Investments has completed its acquisition of a European 272MW solar power platform called Grupo T-Solar from I Squared Capital.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021