Renewable Energy

In line with Sri Lanka’s Power and Energy Strategy to increase power generation from the Renewable Energy sector, the LOLC Group began to pursue alternative renewable energy sources. Accordingly, Sagasolar Power (Private) Limited, a subsidiary of the Group, commenced construction of the country’s first utility scale Solar Farm. This pioneering project is situated in Buruthakanda, Hambantota, known to have the highest recorded solar irradiation level in Sri Lanka. The project has a power generation capacity of 10 Mw and is located within the Energy Park Gazetted under the Sustainable Energy Authority.