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Invest in or provide project financing for large-scale wind power generation to sell the generated capacity to the national energy grid. Projects can be, both onshore/land and offshore.
Wind Power Plant Developers: Presently there are 17 onshore wind power plants operated by private sector companies having Generation Licenses contributing to about 150 MW capacity. Some of these companies are subsidiaries of larger companies involved with renewable energy development (17). Examples of companies active in the IOA space:
WindForce Ltd., incorporated in 2010, is a supplier and facilitator of wind power. Their wind power plants are of commercial grade and constructed with breakthrough technology and unparalleled expertise. Their ultra-modern plants offer a steady, uninterrupted flow of electricity to the National Grid.
Senok entered into wind power projects in 2010. It is one of the first companies to develop wind power projects that reached the 10MW installed capacity threshold in 2010. As at 2021, there are 4 wind plants with a total generation power of 40 MW (11)
Wind-based electricity generation to serve household, commercial and industrial players. Increase the proportion of RE in the total energy mix.
- 1) Renewable Energy Development Plan Phase-I 2019-2025; http://powermin.gov.lk/english/wp-content/uploads/2019/08/Renewable-Energy-Development-Plan-English.pdf 2) Renewable Energy Resource Development Plan 2021-2026 (Draft) www.energy.gov.lk/images/renewable-energy/renewable-energy-resource-development-plan-en.pdf 3) CEB Long Term Generation Expansion Plan 2022-2041 (Draft) -https://ceb.lk/front_img/img_reports/1636539187LTGEP_2022-2041_Web_compressed.pdf 4) Central Bank Economic and Social Statistics 2021- https://www.cbsl.gov.lk/en/publications/other-publications/statistical-publications/economic-and-social-statistics-of-sri-lanka/ess-2021 5) SLSEA (February 2022), Proposed renewable energy capacity for 70% renewable energy taget by 2030, Internal Report (Unpublished), Personal Communication. 6)GoSL (September 2021), Updated Nationally Determined Contributions (NDCs), https://unfccc.int/sites/default/files/NDC/2022-06/Amendmend%20to%20the%20Updated%20Nationally%20Determined%20Contributions%20of%20Sri%20Lanka.pdf 7) Sri Lanka Electricity Act, No. 20 of 2009 and amendment in 2013 and 2022 - https://www.pucsl.gov.lk/wp-content/uploads/2017/12/electricity_act_2009.pdf;http://powermin.gov.lk/english/wp-content/uploads/2017/11/2013-Act-No.-31-Amendment-to-Act-No.-20-Sri-Lanka-Electricity-Act-E.pdf 8) Long Term Generation Expansion Plan 2018-2037- https://ceb.lk/front_img/img_reports/1532407706CEB_LONG_TERM_GENERATION_EXPANSION_PLAN_2018-2037.pdf 9) Windforce Ltd Prospectus - https://cdn.cse.lk/pdf/upcoming_listing/WINDFORCE-Prospectus-Part-1.pdf 10) About Windforce - https://windforce.lk/ 11) About Regen Renewables - https://www.regen.lk/ 12) About Nikini Solar - http://www.nikini.lk/solution_category/solar_photovoltaic_solutions/ 13) Tax update: May 2021 - https://assets.kpmg/content/dam/kpmg/lk/pdf/kpmg-tax-news/may-2021/mya-2021-kpmg-srilanka-tax-news2-flash.pdf 14) Sri Lanka CO2 Country Profile - https://ourworldindata.org/co2/country/sri-lanka 15) Ministry of Finance Annual Report (2020): https://www.treasury.gov.lk/api/file/0b7d1935-6235-4156-97b6-752d6a8039d0 16) World Bank, Access to electricity (% of population) - Sri Lanka, https://data.worldbank.org/indicator/EG.ELC.ACCS.ZS?=desc&locations=LK, Accessed on 14th July 2022.
- 17) PUCSL, List of Licensees and Excemptions, https://www.pucsl.gov.lk/electricity/licensee/list-of-licensees/, Accessed on 10th July 2022 18) SLSEA, Solar PV Service Providers, https://www.energy.gov.lk/images/soorya-bala/registered-solar-pv-service-providers.pdf, Accessed on 29th June 2022 19) IRENA (July 2022), Renewable Power Generation Costs in 2021, The International Renewable Energy Agency, https://irena.org/-/media/Files/IRENA/Agency/Publication/2022/Jul/IRENA_Power_Generation_Costs_2021_.pdf 20) PUCSL (October 2011), The Methodology for Feed-In-Tariffs - NCRE, https://www.pucsl.gov.lk/wp-content/uploads/2019/01/ncre_tariffs-methodology.pdf 21) CEB (March 2020), Request for Proposals - Establishment of Wind Power Plant on Build Own and Operate Basis, https://www.pucsl.gov.lk/wp-content/uploads/2020/01/RFP.pdf 22) CEB (March 2020), Request for Proposals - Establishment of Solar PV Power Plant on Build Own and Operate Basis, https://ceb.lk/front_img/tender_pdf/200306060312150MW_AC_Solar_RFP_All_GSS.pdf 23) Sri Lanka Sustainable Energy Authority (SLSEA) Act No. 35 of 2007, https://www.energy.gov.lk/images/about-us/inception/2007-act-no-35-sri-lanka-sustainable-energy-authority-e.pdf 24) SLSEA (July 2011), On Grid Renewable Energy Development - Policies and Procedures to Secure Approvals to Develop a Renewable Energy Project to Supply Electricity to the National Grid, https://www.energy.gov.lk/images/renewable-energy/renewable-energy-development-guidebook.pdf 25) The Electricity (Applications for Licences and Exemptions) Regulation, 2009, Extraordinary Gazette No. 1617/34, September 03, 2009. https://www.pucsl.gov.lk/wp-content/uploads/2017/09/Regulations-for-Electricity-Applications-for-Licences-Extensions-of-Licences-and-Exemptions.pdf 26) PUCSL, Application for a Licence to Generate Electricity up to a Generation Capacity of 25 MW, 27) PUCSL, Application for a Licence to Generate Electricity Over and Above a Generation Capacity of 25 MW, https://www.pucsl.gov.lk/wp-content/uploads/2022/07/Application-form-for-a-licence-to-generate-electricity-over-and-above-a-generation-capacity-of-25-MW.pdf 28) PUCSL, Guideline for Applicants - Application for a Licence to Generate Electricity up to a Generation Capacity of 25 MW, https://www.pucsl.gov.lk/wp-content/uploads/2021/10/Guideline-to-fill-Application.docx 29) PUCSL (February 2017), Issuance of Certificate of Exemption, The Gazette of the Democratic Socialist Republic of Sri Lanka, Extraordinary, No. 2006/19, https://www.pucsl.gov.lk/wp-content/uploads/2017/09/Issuance-of-Certificate-of-Exemption-for-Domestic-Solar-Power-Generation.pdf 30) SLSEA, Application for Registered Photovoltaic (PV) Service Provider, https://www.energy.gov.lk/images/soorya-bala/application-for-registered-pv-service-provider.pdf 31) CBSL (April 2019), Roadmap for Sustainable Finance in Sri Lanka, https://www.cbsl.gov.lk/sites/default/files/Sri%20Lanka%20Sustainable%20Finance%20Roadmap%20FINAL%2008.04.19.pdf 32) PUCSL Consultation Document on the Proposed Electricity Tariff 2022 - https://www.pucsl.gov.lk/other-supporting-documents-stakeholder-consultation-on-the-proposed-electricity-tariff-2022/ 33) National Energy Policy & Strategies of Sri Lanka http://powermin.gov.lk/english/wp-content/uploads/2019/11/2135-61_E.pdf 34) CEB Long Term Generation Expansion Plan 2015-2034 -https://ceb.lk/front_img/img_reports/1532408363CEB_LONG_TERM_GENERATION_EXPANSION_PLAN_2015-2034.pdf