Sri Lanka has unveiled an ambitious plan to add 2,700 megawatts (MW) of renewable energy capacity to its national power grid by 2029. The strategic initiative aims to accelerate the island nation’s transition toward sustainable power while enhancing national energy security.
Key Highlights
- Major Capacity Expansion: Addition of 2,700 MW from clean energy sources over the next five years.
- Economic Benefits: Expected reduction in reliance on expensive, imported fossil fuels.
- Diversified Energy Portfolio: Focused growth in solar, wind, and hydro-power infrastructure.
The roadmap aligns with Sri Lanka’s long-term goal to generate 70% of its electricity from renewable energy sources by 2030. Officials emphasized that modernizing grid infrastructure and encouraging private sector investment will be essential components in achieving these targets.
By prioritizing green energy development, Sri Lanka seeks to stabilize domestic power prices and cushion its economy against global fuel price volatility.