{"id":46262,"date":"2016-11-30T16:10:01","date_gmt":"2016-11-30T21:10:01","guid":{"rendered":"http:\/\/planetsave.com\/?p=46262"},"modified":"2016-11-30T12:11:49","modified_gmt":"2016-11-30T17:11:49","slug":"sri-lanka-set-introduce-auctions-solar-power-projects","status":"publish","type":"post","link":"https:\/\/planetsave.com\/articles\/sri-lanka-set-introduce-auctions-solar-power-projects\/","title":{"rendered":"Sri Lanka Set To Introduce Auctions For Solar Power Projects"},"content":{"rendered":"

Following a successful auction of wind energy projects, Sri Lanka is now planning to set up solar power projects through the competitive auction route.<\/p>\n

Sri Lanka\u2019s deputy power minister recently told media outlets that the government is planning<\/a> to set up 60 MW solar power capacity by auctioning projects of 1 MW capacity each. The government decided to take the auction route as the country\u2019s utility has been paying very high feed-in tariffs for operational projects.<\/p>\n

The Ceylon Electricity Board currently pays as much as US\u00a216\/kWh as feed-in tariff to solar power project developers. The lowest tariff bid in neighbouring India is around US\u00a26.0\/kWh while the lowest tariff bid in the world is around US\u00a22.0\/kWh.<\/p>\n

Significant appetite for competition was seen in the recently concluded wind energy auction. Project developers offered a discount of as much as 35% over the prevalent wind energy feed-in tariff.<\/p>\n

As per the recently modified net-metering regulations<\/a>, Ceylon Electricity Board will pay LKR22.00\/kWh (US\u00a215\/kWh) for this first seven years while the from the eighth year onwards it will pay LKR15.50\/kWh (US\u00a211\/kWh). The payments shall continue for a period of 20 years.<\/p>\n

Sri Lanka aims<\/a> to ramp up the share of renewable energy in power generation to 60% by 2020 and 70% by 2030. To achieve this target, 600 MW of wind plants and 3,000 MW of solar plants will be built within the next 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sri Lanka has decided to take the auction route as the country\u2019s utility has been paying very high feed-in tariffs for operational projects. 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