Windforce gets 10 MW/40 MWh BESS project in Panadura as Sri Lanka continues to expand its energy storage capacity to support grid stability and renewable energy integration. The project marks another step in the country’s evolving power infrastructure strategy.
Windforce gets 10 MW/40 MWh BESS project in Panadura under BOO model
WindForce PLC has been awarded the contract to develop a standalone Battery Energy Storage System (BESS) project in Panadura with a capacity of 10 MW/40 MWh. The project, valued at approximately Rs. 1.73 billion, will be implemented under the Build–Own–Operate (BOO) model, reinforcing the company’s growing footprint in Sri Lanka’s energy storage sector.
The investment structure follows an 80:20 debt-to-equity financing model, reflecting a common approach in infrastructure financing where leverage is used to optimize capital deployment while maintaining investor returns. The BOO model also ensures that WindForce retains full ownership and operational control of the asset throughout its lifecycle, allowing for long-term revenue generation under a fixed contract framework.
With this latest development, WindForce’s cumulative portfolio under the national BESS procurement programme rises to 13 standalone projects. This positions the company as a key participant in Sri Lanka’s push toward modernizing its energy grid and accommodating higher levels of renewable energy generation. Battery storage systems are increasingly seen as critical infrastructure to address intermittency issues associated with solar and wind power.
The Windforce gets 10 MW/40 MWh BESS project in Panadura initiative is expected to play a role in enhancing grid reliability, particularly during peak demand periods. By storing excess electricity generated during low-demand intervals and releasing it when demand rises, BESS technology helps stabilize supply fluctuations and improve overall energy efficiency.
Sri Lanka’s energy sector has been undergoing a gradual transformation, with a stronger focus on sustainable and resilient power systems. The integration of battery storage solutions aligns with national objectives to reduce reliance on fossil fuels while increasing the share of renewables in the energy mix. In this context, the expansion of Sri Lanka BESS infrastructure is a strategic priority for policymakers and industry stakeholders alike.
WindForce’s continued participation in the national programme underscores investor confidence in the country’s energy transition framework. The firm’s decision to maintain a 100 percent stake in the Panadura project indicates its long-term commitment to the sector and its confidence in the commercial viability of energy storage investments.
The project will operate under a 15-year contract period, providing a stable revenue stream and contributing to predictable cash flows. Long-term contracts are a defining feature of infrastructure projects, particularly in the energy sector, where capital-intensive investments require extended horizons to achieve financial sustainability.
Beyond its immediate operational benefits, the project is also expected to contribute to broader economic activity, including job creation during the construction phase and potential technology transfer in energy storage systems. As Sri Lanka continues to attract competitive bids for BESS projects, including interest from international suppliers, the sector is becoming increasingly dynamic and technologically advanced.
The Windforce gets 10 MW/40 MWh BESS project in Panadura development comes amid growing regional interest in large-scale battery storage, driven by declining technology costs and improved performance metrics. These trends are making BESS projects more financially viable and scalable across emerging markets.
Industry analysts note that the success of such projects will depend on effective regulatory frameworks, transparent procurement processes, and consistent policy support. Sri Lanka’s approach to structured procurement under national programmes has already drawn competitive participation, indicating a maturing market environment.
Looking ahead, the expansion of battery storage capacity is expected to complement ongoing renewable energy projects and support grid modernization efforts. As more projects come online, the role of Sri Lanka BESS systems will become increasingly central to ensuring energy security and operational efficiency.
The Windforce gets 10 MW/40 MWh BESS project in Panadura announcement highlights the growing importance of storage solutions in shaping the future of Sri Lanka’s energy landscape. With a strong pipeline of projects and sustained investor interest, the country appears well-positioned to advance its transition toward a more resilient and sustainable power system.