Govt. eyes multi-billion dollar green hydrogen future

The government has launched an ambitious drive to attract global investment into green hydrogen and green ammonia production, a move expected to reshape the country’s energy landscape, generate billions of dollars in foreign direct investment and establish the island as a strategic clean energy hub in the Indian Ocean.

- By IRHAM NIZAM

In a significant development, the Government has extended the deadline for investors to submit Expressions of Interest under its Request for Information (RFI) process until June 19, 2026, reflecting growing international interest in Sri Lanka's emerging green energy sector.

The initiative, spearheaded through the Board of Investment (BOI), in collaboration with key energy sector institutions, covers large-scale green hydrogen and ammonia production facilities, export terminals, storage infrastructure and the manufacture of hydrogen-related equipment.

Senior Government officials said the programme is closely aligned with Sri Lanka’s long-term economic transformation agenda and global commitments to low-carbon development.

“The world is undergoing a historic energy transition. Countries that position themselves early in the green hydrogen value chain will become major beneficiaries of future energy trade.”

Sri Lanka possesses exceptional renewable energy resources and a strategic maritime location that provides a strong foundation for such investments," an energy sector official said.