# 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.

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- Publisher: Newsverum
- Section: Energy
- Country: Sri Lanka
- Published: 2026-10-04T14:04:24+00:00
- Updated: 2026-10-07T05:58:48+03:00
- Event / data period: 2026-10-01
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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.

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.

| label | value | unit | period | basis |
|---|---|---|---|---|
| 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 |

Sources: <https://news.lk/current-affairs/adb-financing-secured-for-rooftop-solar-integration-and-virtual-net-metering-project> · Download data: [JSON](https://newsverum.com/api/v1/articles/sri-lanka-secures-57m-for-rooftop-solar-and-grid-upgrades/data/sri-lanka-rooftop-solar-financing-2026?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/sri-lanka-secures-57m-for-rooftop-solar-and-grid-upgrades/data/sri-lanka-rooftop-solar-financing-2026?lang=en&format=csv)

## Sources

- [The Official Government News Portal of Sri Lanka](<https://news.lk/current-affairs/adb-financing-secured-for-rooftop-solar-integration-and-virtual-net-metering-project>) (Source checked: 2026-10-04; Published: 2026-10-03)

## Correction history

- 2026-10-07T00:51:37+03:00: German and Portuguese editions and translations of the data and correction explanations have been added to this article.
- 2026-10-07T00:57:25+03:00: The article’s language editions and data explanations were reviewed, and identified translation and label issues were corrected. Sources, numerical data and the first-publication date were preserved.
- 2026-10-07T05:58:48+03:00: Data classification corrected: measure identifiers and types now follow the dataset rules. No figure, unit or date changed.

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