Sri Lanka Launches National Hydrogen Roadmap
In an ambitious movement towards a greener future, Sri Lanka has ventured into the National Hydrogen Roadmap, developed in partnership between the Petroleum Development Authority of Sri Lanka (PDASL) and Greenstat Hydrogen India, a branch of the Norwegian firm specialist in renewable hydrogen production.
The core objectives of this project are energy, cost-effectiveness, and environmental sustainability, as emphasised by Minister Kanchana Wijesekera. Thanks to the green hydrogen produced through renewable sources like solar and wind, Sri Lanka ensures the transformation into a low-carbon economy that has already led to dealing with the current problems of energy security and fluctuating fossil fuel prices.
Sri Lanka is among the 30 countries that implemented the hydrogen strategy to respond to climate change and exit the dependency on wide-ranging fossil fuels. This step manifests the latest take toward the Offshore Wind Roadmap, articulating the nation’s dedication to renewable energy.
The president, Mr Ranil Wickremesinghe, stated that Sri Lanka has additional renewable sources than the energy it needs and has a profitable market in exporting energy. The country secures international investment by designing an appropriate framework meeting international standards underlying the nation as a strategic energy hub with the benefits relished locally and amongst other nations.
The Ministry of Power & Energy, Kanchana Wijesekera, communicated to prospective foreign investors how distinct, legal, operational, and commercial environments are facilitated by associating with Greenstat Hydrogen India. These steps validate the country has made an unprecedented effort to establish a progressive developmental approach that is viable in line with environmental objectives.
Furthermore, Sri Lanka’s production of green hydrogen utilises electrolysis technology powered by wind and solar energy. This method satisfies decarbonisation challenges faced by hard-to-abate sectors and significantly aids the transition towards a sustainable, low-carbon economy. This environmentally agreeable and non-polluting power source is crucial to the enduring energy revolution.
Essential Extracts – Sri Lanka Hydrogen 2030:
· The creation of 4,000 employment opportunities within the hydrogen sector.
· Earning $500 million from exports related to the green energy value chain.
· Directing $1 billion towards domestic production of green hydrogen and affiliated technologies.
· Securing $10 billion in final investment decisions (FID) for offshore energy projects.
· Installing 4 GW capacity in offshore wind and hydrogen production facilities.
To meet ambitious international climate targets, Sri Lanka has updated its Nationally Determined Contributions (NDCs) aiming for rapid deployment of renewable technologies and sophisticated solutions for managing energy intermittency and maintaining grid stability.
The potential for Sri Lanka to contribute to global decarbonisation efforts is significant, with the possibility to produce surplus green hydrogen using its extensive renewable resources like solar, wind, and hydroelectric power, which are well-suited for supporting global energy transitions.
