Australian firm developing 700 MW floating solar, 1.5 GWh battery, in Sri Lanka supported by government PPA

Share

The Sri Lankan government has approved a Power Purchase Agreement (PPA) with United Solar Group of Australia to enable a direct foreign investment of USD 1.72 billion ($2.63 billion) to deliver the floating solar and storage project.

The project will see 437 hectares in the shallow of the Poonakary Lake in Kilinochchi fitted with a 700 MW solar system. This system will be coupled with a 1,500 MWh battery, though few other details of the storage system have been made public.

Sri Lanka’s Power and Energy Minister, Kanchana Wijesekera, announced the news via his X account on Tuesday, saying the PPA deal had been approved by the country’s cabinet. 

Victorian company United Solar Group initially proposed the project in September following a call out from the country’s government seeking projects with a capacity of 50 MW or more to accelerate renewable energy development programs in Sri Lanka.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Akaysha lands $650 million to fund 1,660 MWh Orana battery build
15 July 2024 Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the lar...