Govt to Grant Concessions on >100kW Renewable Energy Storage Batteries 📈

• Policy & Concessions: The Sri Lankan government is formulating a structured framework to provide concessions for renewable energy battery storage systems starting above 100kW. • Quality Assurance: Energy Minister Aruna Karunathilake highlighted concerns over the current lack of quality standards, warning that regulations are urgent to prevent sub-standard imports. • Sector Capacity & Output: Renewables currently generate 60–70% of national electricity. Capacity contribution breakdown: • Rooftop solar: ~2,500 MW • Ground-mounted solar: ~530 MW • Wind power: >250 MW • Combined solar and wind represent over 40% of total electricity generation. • Challenges & Grid Integration: Key hurdles include approval delays for solar projects, land acquisition issues, and grid connection bottlenecks. • Tariff Stability: Electricity tariffs will remain unchanged for the next quarter, supported by lower generation costs from increased rainfall and improved hydro reservoir levels.