Sri Lanka

An evaluation of Sri Lanka’s solar market

Sri Lanka is arguably one of the fastest developing economies in the South Asian region. This is surprising for most people because the nation recently came out of a civil war spanning three decades.  Do these excellent fortunes extend to the country’s solar market?

At the end of 2019, Sri Lanka’s solar capacity stood at 215 Megawatts, 10% of the country’s collective renewable capacity. The nation’s solar energy capacity is expected to hit 1.5 Gigawatts by 2025. This foreseen increase in the nation’s solar aptitude is primarily attributed to the Renewable Energy development plan of 2019 -2025.

So far, the Ceylon Electricity Board, the plan’s implementation body, has awarded tenders for 300 and 500 Megawatts. According to recent studies, these projects will go a long way in quelling approximately 2 Gigawatts of solar energy demand expected in the foreseeable future. If the government of Sri Lanka maintains its support for renewables, solar installers and professionals can expect vast opportunities in the future.

Sri Lanka’s solar market equipment supply capacity

You can expect to find various solar equipment categories, including solar panels and charge controllers in Sri Lanka. Still, if you can’t find what you need locally because the Solarfeeds family is here for you. You can get competitive quotes by sending a request through our website’s inquiry page. Also, you don’t need to worry about how you will receive your equipment.  Sri Lanka boasts of several ports and a healthy logistical network to deliver any solar equipment.   

Manufacturers

In the simplest terms, manufacturing is the process of producing actual goods or items/products through the use of raw materials, human labour, use of machinery, tools and other processes such as chemical formulation. This process usually starts with product designing and raw material selection, turning them into an actual product output. 

Solar Products Manufacturers and Factories

In terms of solar, manufacturing encompasses the fabrication or production of materials across the solar market chain. The most common product being manufactured by solar companies are the solar photovoltaic (PV) panels, which are made with several subcomponents such as solar wafers, cells, glass, back sheets, and frames. Before a solar panel comes into life, it will undergo a lot of processes, from designing, modelling, choosing what raw materials to use and then assembling them all to make the final product.

More Than Just Solar Panels

Aside from the solar panels, solar companies have many other manufactured products that are required to make solar energy systems work smoothly, like solar inverters, batteries, combiner boxes, and racking and tracking structures.

Having a solar manufacturing sector makes a big difference in supplying affordable solar energy in different areas. Aside from maintaining the rising domestic and global demand for cleaner and renewable energy, they also help the economy grow, particularly the solar industry. If you are in search of a reliable solar manufacturing company, checking out our solar outsourcing company, SolarFeeds, would help you get easy access to reliable information, news, data and a list of solar manufacturers that can help you with solar products.