This momentous event marked the commencement of the project and was attended by key stakeholders, including Ceylon Electricity Board Chairman N.S. Ilangakoon, WindForce Managing Director Manjula Perera and CEO Lasith Wimalasena

WindForce’s acquisition of a 92% stake in Kebitigollewa Solar Power Ltd. represents a major leap forward in Sri Lanka’s solar energy landscape.

The total investment for this ground-breaking project is estimated at around Rs. 2.7 billion, with a projected Equity Internal Rate of Return (EIRR) exceeding 15%. Project development is already underway, with completion expected by July 2024.

WindForce Managing Director Manjula Perera said: “This acquisition and the subsequent development of the Kebitigollewa Solar Power Project indicate a significant achievement for WindForce.