A planned 10 MW solar project will be coupled with a storage system with a minimum capacity of 8 MWh. The facility will be near Hambantota in southern Sri Lanka.
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
The funds will be used to finance the Battle for Solar Power Programme, a loan scheme for households and businesses willing to install rooftop PV under net metering or net accounting mechanisms.
The island nation’s Ministry of Power and Renewable Energy is set to leapfrog to the next stage of energy supply by expanding its loan scheme for rooftop solar.
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