Sri Lanka’s Cabinet has approved the Renewable Energy Resource Development Plan 2025–2030, aimed at expanding the country’s renewable energy capacity in line with national policy targets.
The plan seeks to meet 70% of national electricity demand from renewable energy sources by 2030 and to achieve carbon neutrality by 2050.
Preparation of the plan is mandated under the Sri Lanka Sustainable Energy Authority Act, No. 35 of 2007. The strategy was developed by the Sri Lanka Sustainable Energy Authority in consultation with relevant stakeholders.
Accordingly, the plan focuses on three key areas: identifying and prioritizing suitable land for renewable energy projects, developing a national renewable energy map, and setting timelines for the development of renewable energy parks. Floating solar power projects are also included.
The Minister of Energy presented the plan to the Cabinet, which granted approval for its implementation. (NewsWire)