WindForce has officially signed a 24-year lease agreement with the Sri Lanka Sustainable Energy Authority for the Rividhanavi 100MW solar power project. This milestone marks a crucial step in advancing Sri Lanka’s renewable energy capacity and accelerating the nation’s clean power transition.
WindForce signs 24-year SEA land lease agreement for Rividhanavi 100MW solar power project in Sri Lanka.
WindForce PLC has made a major stride in Sri Lanka’s renewable energy landscape by securing a long-term land lease agreement for its landmark Rividhanavi 100MW solar power project. The agreement was officially signed on October 10, cementing the company’s commitment to driving the country’s solar energy expansion.
The lease spans a 24-year period and covers land in Kotiyagala, Siyambalanduwa, located in the Monaragala District. According to WindForce, the total rental value for the entire lease term is 50 million rupees. This strategic move not only strengthens WindForce’s presence in Sri Lanka’s energy sector but also aligns with the national vision to achieve greater energy independence and sustainability.
The lease was signed with the Sri Lanka Sustainable Energy Authority (SEA), which plays a pivotal role in facilitating large-scale renewable energy initiatives. With this agreement now finalized, WindForce has concluded all key project-related contracts, including the Power Purchase Agreement (PPA), Implementation Agreement, and Transmission Development Contract. This means the project is now fully ready to move into its implementation phase.
The Rividhanavi solar power project is expected to officially commence on October 10, 2025. This date marks the effective start of operations, following the completion of all required legal, financial, and technical milestones. The project is anticipated to become one of the largest utility-scale solar initiatives in the country, significantly boosting Sri Lanka’s clean energy generation capacity.
The strategic importance of this development cannot be understated. As global energy markets continue to shift toward cleaner, more sustainable sources, Sri Lanka has set an ambitious target to increase its renewable energy share in the national grid. The Rividhanavi project directly contributes to this goal, offering a significant increase in solar power generation and reducing the reliance on fossil fuels.
WindForce PLC, a leading player in the renewable energy industry, has consistently expanded its portfolio of green energy projects, both locally and internationally. Its strong track record in solar, wind, and hydropower development positions the company as a key driver of Sri Lanka’s clean energy future.
By leasing land from the SEA, WindForce gains a strategic advantage, ensuring long-term project stability and operational efficiency. This move also reflects growing investor confidence in Sri Lanka’s renewable energy policies and regulatory framework. The government’s continued support for clean power investments has created favorable conditions for companies like WindForce to expand their footprint.
The Rividhanavi project is also expected to bring multiple economic benefits to the region. Local communities in Monaragala may benefit from increased employment opportunities during the construction and operational phases. Additionally, the project contributes to national energy security by adding reliable solar capacity to the grid, helping to reduce power shortages and stabilize supply.
Industry experts see this as a model project that could inspire similar large-scale renewable initiatives in the future. With land and contractual agreements now locked in, WindForce is well-positioned to proceed with site development, infrastructure planning, and the procurement of key solar technology components.
In a broader context, the project reflects Sri Lanka’s growing commitment to a sustainable energy future. By investing in projects like Rividhanavi, the nation is moving closer to achieving its renewable energy targets, reducing greenhouse gas emissions, and aligning with global climate action goals.
WindForce’s leadership emphasized that this agreement demonstrates their long-term vision and strategic commitment to clean energy. “With the execution of this agreement, all key project-related contracts have been successfully concluded, allowing us to move forward with full momentum,” the company stated in its stock exchange filing.
As the renewable energy sector continues to evolve, projects like this highlight the crucial role of private sector partnerships in achieving national sustainability goals. WindForce’s Rividhanavi solar power project stands as a significant example of how strategic investments and partnerships can drive meaningful change in the energy landscape.
Once operational, the 100MW facility will not only enhance power generation but also help reduce carbon emissions, lower energy costs over time, and provide a more stable and eco-friendly power source for the country. It underscores the growing potential of solar power in shaping a cleaner, greener Sri Lanka.