Japan will launch Sri Lanka's first solar panel manufacturing plant2018-07-30
JSF's director and CEO said, “When we opened the door to the factory, we were fortunate to be the pioneer manufacturer of solar panels in Sri Lanka and pave the way for the development and adoption of advanced renewable energy. The programme demonstrates the future of sustainable development worldwide."
These products will be sold under the "Sakura Solar" brand and will be backed by a 35-year warranty on all of their solar panels. It will also provide cost and service benefits to domestic and corporate customers in Sri Lanka.
JSF's investment is approved by the Sri Lanka Investment Commission and has a 55-year agreement in the renewable energy industry. The company has 100% Japanese investment and will invest $333.1 million (about 5 billion Sri Lankan rupees) to provide employment opportunities for more than 200 people. The manufacturing plant has an annual capacity of 2,000 megawatts.
The Japanese company will provide its state-of-the-art technology, which began production on July 21, 2018 under the direction of Japanese technicians.
Earlier, there were reports that the Sri Lankan government had awarded 10 megawatts of solar power to the domestic company Didul (Pvt.) Ltd. The project is expected to be developed near a substation in Valachchenai in eastern Sri Lanka.
According to a joint study by the United Nations Development Programme and the Asian Development Bank, Sri Lanka can use renewable energy by 2050 to meet current and future electricity needs.