⚡ Govt. Targets 1,392 MW Renewable Capacity Amid Rooftop Solar Policy Concerns

• Renewable Energy Targets: Energy Minister Anura Karunathilaka announced three-year capacity expansion targets totaling 1,392 MW, comprising 642 MW (2027), 300 MW (2028), and 450 MW (2029). • Policy & Administrative Concerns: ITAK MP Shanakiyan Rasamanickam raised concerns in Parliament regarding approval delays for household applicants, reduced incentives, and altered payment frameworks for rooftop solar producers. • • Renewable Energy Targets: The Energy Ministry outlined plans to add 1,392 MW of renewable capacity over three years—642 MW in 2027, 300 MW in 2028, and 450 MW in 2029. • Rooftop Solar & Investor Issues: ITAK MP Shanakiyan Rasamanickam highlighted policy shifts, reduced incentives, and administrative delays affecting household rooftop solar applicants. Concerns were raised over approval delays since last year, altered payment structures for daytime generation, and potential extensions to payback periods for small investors. • Policy Updates & Incentives: Energy Minister Anura Karunathilaka confirmed payment arrangements will be revised to address sector hurdles, with new renewable energy programs and special investor incentives expected in the upcoming Budget. • Electricity Tariffs: Tariffs were revised twice in 2025 and twice in 2026. Domestic rates remain tiered from Rs. 5/unit (0-30 units) up to Rs. 28/unit (121-180 units).