250MW solar battery storage project planned for Sri Lanka
Newswire: Sri Lanka is set to introduce a 250‑megawatt solar battery storage system to strengthen the national grid, according to a report by NewsFirst.
Chairman of the National Transmission Network Service Provider (Private) Limited, Dr. Pradeep Perera, said the system will be installed across 19 substations island‑wide.
He explained that the initiative is expected to cut reliance on diesel and other fuel used for power generation.
Dr. Perera further noted that the savings achieved through reduced fuel expenditure could open the door to consumer relief measures in the future.
OSL take:
Sri Lanka’s accelerating investment in renewable energy is creating a growing range of business/investment opportunities for foreign businesses/investors seeking to participate in the country’s energy transition. The planned introduction of a 250-megawatt solar battery storage system across 19 substations marks another step towards modernising the national grid, improving energy security, and reducing dependence on fossil fuels. As the country expands its renewable energy capacity, business/investment opportunities are emerging across the value chain, including solar and wind power development, battery energy storage systems, grid modernisation, smart energy technologies, engineering and construction services, equipment supply, operations and maintenance, and energy management solutions. With the Sri Lankan government prioritising clean energy as part of its long-term economic development strategy, foreign companies can explore partnerships, technology transfers, project financing, and investments that support Sri Lanka’s renewable energy ambitions. For foreign businesses/investors looking to establish a presence in South Asia’s growing clean energy market, Sri Lanka offers increasing potential in a sector expected to play a central role in the country’s sustainable economic growth.
| Article Code : | VBS/AT/20260709Z_3 |