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Power purchase agreements for 150MW ground mount solar project signed

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The power purchase agreements for a 150MW Ground Mount Solar project to be developed at the Solar Energy Park, Gonnoruwa, Hambantota was signed yesterday.  The project will be developed by a consortium of 17 local developers, comprising 13 power plants of 10MW and 4 power plants of 5MW making up the total capacity of 150MW. The project with a USD 150 million investment will be developed together with the transmission & grid facilities under a new business model with the CEBs Standardized Power Purchase Agreement (SPPA).  The project aims to commence construction in May 2024 and connect to the Grid by mid 2025.

 

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