Sri Lanka

Map of Sri Lanka

Country Initiatives

Country Initiatives Details

Rooftop Solar in Sri Lanka

Canada’s Total Contribution: $7,500,000

Targeted Countries: Sri Lanka

Funding Period: 2010/2011

Project Funded through a Canadian Facility: IFC - Canada Climate Change Program (CCCP)

Delivery Partner(s):

Description

The IFC-Canada Climate Change Program provided support for the installation of rooftop solar photovoltaic (PV) panels and the implementation of green building measures on a chain of 18 supermarkets in Sri Lanka. This is a first of its kind commercial implementation of rooftop solar PV grid-connected project under the country’s net metering scheme and the first solar PV and green buildings project in the retail sector.

Results/Expected Outcomes

The completion of the plant is expected to improve the availability of better quality food products at low prices in underserved markets, contribute to private sector development in the retail industry and create direct and indirect employment opportunities. The project is also expected to demonstrate the financial feasibility of rooftop solar PV for commercial enterprises in Sri Lanka, reducing the risk perception of such investments. With support from Canada, this project is expected to mobilize an additional $12.2 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 2,300 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance (CAD$): $12,200,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *: 2,300
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