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WindForce Acquires Sky Solar For LKR 265 Million
Posted 14,September

By Chaveendra Dunuwille

In Local News

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The pioneer of renewable energy in Sri Lanka, WindForce PLC signed a share sale & purchase agreement for a 100% controlling stake with Sunshine Energy Ltd. for the acquisition of Sky Solar Ltd for LKR 265 million.

Sky Solar owns and operates 2.2 MW of rooftops solar plants at 8 factories located all-around Colombo. WindForce PLC views rooftop solar as a cost effective and sustainable alternative to non-renewable energy resources. The acquisition of Sky Solar will increase the number of rooftop solar plants under WindForce PLC to three and increase the company’s overall capacity from 218 MW to 220 MW.

WindForce PLC operates 27 plants across Sri Lanka, Pakistan, Uganda, and Ukraine and is leading the way in assisting the government to reach the 70% renewable energy goal by 2030.