Govt. invites domestic, global investments to develop Green Hydrogen, Ammonia

 Energy Ministry and BOI launch RFI eyeing a billion-dollar green energy future

Sri Lanka has taken a bold step toward transforming its energy landscape, as the Energy Ministry and the Board of Investment of Sri Lanka (BOI) jointly issued a Request for Information (RFI) inviting local and international investors to participate in the development of Green Hydrogen and Green Ammonia projects across the island.

Issued on 23 April 2026, the RFI marks a pivotal moment in the country’s clean energy journey — one that officials say could position Sri Lanka as a regional powerhouse in the emerging green hydrogen economy, while simultaneously addressing pressing domestic energy security challenges.

Sri Lanka’s energy sector has long been the backbone of its national economy, supplying power to millions of households and industries. But the country has now set its sights far beyond its current energy mix. The Government has committed to generating 70% of its electricity from renewable energy sources by 2030 and achieving full carbon neutrality in power generation by 2050 — targets that demand transformative investment and innovation.

Central to realising this vision is Sri Lanka’s National Hydrogen Roadmap, published in 2023, which charts a strategic course for harnessing the country’s abundant offshore wind and solar resources to build a thriving green hydrogen economy. The Roadmap identifies two core ambitions: bolstering national energy security and establishing Sri Lanka as a regional hub for the production and export of green hydrogen and green ammonia.

The Government’s ambitions are underscored by a concrete financial target. Sri Lanka aims to generate annual export revenue of $ 1 billion from the green energy value chain by 2030. With renewable energy potential estimated to exceed projected domestic demand, authorities believe the country is uniquely positioned to supply clean-burning fuels to energy-hungry markets across Asia and beyond.

Green hydrogen — produced by splitting water using electricity from renewable sources — and green ammonia, which is synthesised from green hydrogen, are increasingly recognised as critical fuels for decarbonising industries such as shipping, steel manufacturing, fertiliser production, and heavy transport. Sri Lanka’s strategic location along major maritime routes further enhances its appeal as an export hub.

The RFI invites qualified investors, developers, and project operators to submit high-level project concepts and expressions of interest covering the full value chain: production facilities, storage infrastructure, export terminals, and manufacturing of green hydrogen components.

Responses will be evaluated jointly by the Energy Ministry and the BOI — assessing technical feasibility and investment credentials, respectively. The exercise is explicitly non-binding; it does not constitute a tender, offer, or contractual commitment by the Government of Sri Lanka. Rather, it is designed to gauge market appetite, refine policy frameworks, and lay the groundwork for future structured partnerships.

Eligible projects may benefit from BOI facilitation under applicable investment frameworks, including fiscal and non-fiscal incentives, infrastructure support, and regulatory streamlining — subject to prevailing laws and regulations.

The RFI window already opened from 23 April 2026 to 5 June 2026. Interested parties may download the official RFI Form from the Ministry of Energy website (energymin.gov.lk) or the BOI’s investment portal (investsrilanka.com). All submissions must be made in English, clearly structured, and accompanied by the required supporting documentation.

Completed forms must be submitted no later than 3 p.m. (Sri Lanka time) on 5 June 2026, either electronically to [email protected] or physically to the BOI’s Investment Promotion and Research Department, Level 19, West Tower, World Trade Centre, Colombo 01. Respondents are asked to use the subject line: “RFI – Development of Green Hydrogen/ Ammonia Projects in Sri Lanka – (Company/Individual Name).”

For further queries, the BOI’s Investment Promotion Department may be contacted at [email protected] or [email protected].

The Government has assured respondents that all submissions will be treated as strictly confidential and used solely for internal assessment and planning purposes. Parties demonstrating strong strategic and commercial alignment with Sri Lanka’s clean energy goals may subsequently be invited to bilateral discussions or future structured engagement processes.

Officials were careful to note, however, that submission of information under this RFI creates no financial or contractual obligation on the part of the Government. Authorities reserve the right to accept, reject, or modify any submissions, or to cancel the RFI entirely, without prior notice or liability.

Industry observers have welcomed the initiative as a significant signal of Sri Lanka’s commitment to clean energy transition. If successful, the RFI could catalyse billions of dollars in foreign and domestic investment, create thousands of skilled jobs, and put Sri Lanka firmly on the global map of the green hydrogen economy — a market that analysts project will be worth hundreds of billions of dollars by mid-century.