Collaboration in renewable and sustainable energy is a focus area for Governments of India and Sri Lanka and in accordance with these shared priorities, both sides are currently working on a USD 100 million credit line by India in the solar power sector, the Indian High Commission said in a press release today.
" This multi-pronged project envisages enhancement of solar power usage in government buildings and low-income households through the installation of rooftop units and commissioning of floating solar power plant(s) in Sri Lanka," the HC said.
It said that India has set ambitious goals to effectively combat climate change and increase the proportion of renewable energy in India’s energy mix. The hybrid plant takes India closer to its target of 175 GW of renewable energy by 2022. Adopting a low-carbon and climate-resilient development approach, India’s endeavor is to generate 450 GW of renewable energy by 2030.
Prime Minister Narendra Modi inaugurated the world’s largest and first of its kind renewable energy park comprising both wind and solar energy with a total capacity of 30 GW at Kutch in Gujarat on 15 December 2020.
72,600 hectares of waste land was transformed and put to use in building the hybrid energy park. Upon completion, the energy park will contribute towards reduction of CO2 emissions upto 50 million tons per year. This is equivalent to planting of 90 million trees.
Sri Lanka is a founding member of the International Solar Alliance which was anchored by India. Recently inaugurated 100 MW wind power project at Thambapawani in Mannar involved the participation of technical experts from India.
Geographies of the two countries offer bright prospects for a deeper partnership in the fields of solar and wind energy, the HC said.