16 August 2017: A joint report of the UN Development Programme (UNDP) and the Asia Development Bank (ADB) assesses the technical challenges, cost and financing options towards generating 100% of domestic electricity demand from renewable sources by 2050.

The report finds that, even though Sri Lanka’s electricity needs will increase almost tenfold to 34,000 MW from 3,700 MW today, 100% of this capacity could be provided by a combination of wind and solar power. It notes that additional components of hydro power, biomass and energy storage would be necessary to stabilize the grid. The assessment further states that achieving this objective requires investments of US$50 million, noting that these costs would be partially offset by cumulative savings on fossil fuel imports of US$18 billion. The report also stresses the need for further studies on each of these elements, and underlines the importance of broader stakeholder engagement.

The publication includes, among other sections: a scenario for 100% renewable electricity generation in 2050; an economic rationale for the energy generation mix; demand management and balancing requirements; investment requirements; and interventions required. The last section outlines elements of a pathway towards implementation, including securing funding, assessing feasibility of the generation scenario, technological and resources systems, and the regulatory and market reforms necessary.

Sri Lanka is a member of the Climate Vulnerable Forum (CVF) founded at the same time the Paris Agreement on climate change was adopted. The CVF includes 43 countries that are especially threatened by climate change. Its members have committed to achieve 100% of domestic electricity generation from renewable sources as soon as possible. [UNDP Press Release][Report Abstract][Assessment of Sri Lanka’s Power Sector – 100% Electricity Generation through Renewable Energy by 2050][Climate Action News Story]