By American Public Power Association on Unsplash
Invest in or provide project financing for large-scale ground-mounted and floating Solar PV power generation to supply the generated capacity to the national grid for residential and industrial/commercial consumption.
Over 50 solar ground mounted on-grid plants and 40 private sector companies contributing to about 100 MW capacity (17). In case of Solar PV rooftop industry, about 450 project developers/service providers registered at SLSEA (18). Examples of companies active in the IOA space:
WindForce ventured into solar in 2016 with its domestic and overseas solar power projects in Ukraine, Uganda and Pakistan. In 2021 it had 10 (6- SL and 4 - overseas) ground mounted solar and 2 rooftop solar projects with a total capacity of 136.23 MW. All projects have been successful in generating electricity for national use (10).
Regen Renewables (Pvt.) Ltd was established in 2013. The company is the recipient of a Presidential Award in 2017 from the Ministry of Power & Energy and Sri Lanka Sustainable Energy Authority for the contribution to the "Battle for Solar Energy", National Programme for the promotion of rooftop solar PV (11).
Nikini Solar, in 2008, was the first company in Sri Lanka to enter into a net metering agreement for its Solar PV System at their head office with the Ceylon Electricity Board. It is a division of Nikini Automation Systems (Pvt.) Ltd., and is an all-in-one solar energy provider. The company provides grid connected solar PV systems for domestic, industrial and commercial establishments. (12)
Solar-based electricity generation to serve household, commercial, industrial, e-mobility needs and increase the proportion of RE in the total energy mix