Sri Lanka and Greenstat sign agreement to pilot green hydrogen generating project

Greenstat Hydrogen India has signed an agreement with the Sri Lanka Petroleum Development Authority to collaborate on a pilot project for generating green hydrogen in Sri Lanka.

The Cabinet of Ministers of Sri Lanka decided to take its first steps towards bringing hydrogen into the value chain of renewable energy at a meeting held on January 31st this year.

The government has taken a policy decision towards the goal of decarbonization by year 2050. In order to realize this goal, the country needs to gradually convert from fossil fuel to green energy production and consumption by changing energy supply networks. 

Accordingly, steps should be taken to minimize gas emissions in the industries where there is electricity, transport, and thermal power utilization.

In these circumstances Greenstat Hydrogen India (Pvt.) Ltd. which is an affiliated body of Greenstat AS of Norway, has agreed to conduct a feasibility study on a pilot project for generating green hydrogen utilizing a combination of floating solar and wind. 

Accordingly, the Cabinet of Ministers granted approval for the proposal submitted by the Energy Minister Udaya Gammanpila to enter into an agreement between Sri Lanka Petroleum Development Authority and Greenstat Hydrogen India (Pvt.) Ltd. to conduct the feasibility study.

Speaking of the collaboration, Sturle H. Pedersen, Chairman, Greenstat Hydrogen India said, “We are thrilled to become a close partner with the authorities of Sri Lanka, and we believe the country has great potential not only to serve its own needs of green hydrogen (emission-free energy carrier), but also become a net exporter in the future.” 

Norwegian Ambassador to Sri Lanka Trine Jøranli Eskedal said, “I am pleased to see Norwegian companies showing an interest in key sectors in Sri Lanka, and I hope this study will contribute to highlighting Sri Lanka’s potential for transitioning towards renewable energy and renewable fuel sources.”