Sri Lanka secures $57.44m for rooftop solar and grid upgrades
Sri Lanka secured about $57.44 million in ADB, EU and Japan financing for rooftop solar and distribution-grid upgrades. The 2026–2030 project includes 25 MW of aggregated rooftop photovoltaic capacity.
Event / data period: 2026-10-01
Published: · Updated:
The financing consists of a concessional loan of USD 35 million from the Asian Development Bank, an EU grant of EUR 15.4 million (reported by the source as approximately USD 16.94 million) and a USD 5.5 million grant from the Japan Fund for the Joint Crediting Mechanism. The agreements were signed at the General Treasury in Colombo on 1 October.
The Ministry of Energy will implement the programme with Electricity Distribution Lanka and Lanka Electricity Company during 2026–2030. It includes 25 MW of aggregated photovoltaic capacity through virtual net metering, advanced metering infrastructure, distributed energy resource management and distribution control centres. Low-loss conductors and battery storage are also planned in the Negombo area.
Data
Rooftop solar financing and planned capacity
ADB, EU and Japan financing components and the announced solar-power capacity for the project.
- ADB concessional loan
- 35 million USD
- 2026-10-01 · Observed
- Source-reported USD equivalent of EU grant
- 16.94 million USD
- 2026-10-01 · Observed
- Japan JFJCM grant
- 5.5 million USD
- 2026-10-01 · Observed
- Planned aggregated rooftop solar capacity
- 25 MW
- 2026-10-01 · Observed
Methodology
The source separately gives an approximate USD equivalent for the euro grant; that reported equivalent is transcribed without recalculating an exchange rate. The 25 MW is announced project capacity.
Updated:
Subjects and places
Subject proposals
- Solar powerSuggested
- Subject suggested from the title or summary: solarnews.lk ↗
- ElectricitySuggested
- Subject suggested from the title or summary: grid upgradesnews.lk ↗
Geographic references
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- Sri Lanka · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferrednews.lk ↗
- Colombo · Colombo, Sri Lanka · Place role: Place mentioned by source · Place type: City · Location precision: Approximate
79.8428278, 6.934675 (longitude, latitude)
EvidenceOpen this point in OpenStreetMap ↗- Explicit article mention: Colombo. Country agrees with the preserved article scope. Gazetteer reference only; event location is unconfirmed.news.lk ↗ungegn.un.org ↗ungegn-api.azurewebsites.net ↗www.cbsl.gov.lk ↗