Industry Analysis

E.B. Creasy Solar Launches New Solar Solutions Outlet in Wellawaya

E.B. Creasy Solar, a leading provider of solar energy solutions in Sri Lanka, has expanded its presence with the opening of a new solar solutions outlet in Wellawaya. The store offers a range of sustainable energy solutions, featuring Tier one solar panels and advanced technologies from industry leaders such as LONGI, AE Solar, Thornova, LORENTZ

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Investing

Netherlands Invests €300,000 in Gampaha Batik SMEs with Electric Three-Wheelers

The Netherlands’ Foreign Affairs Ministry has invested €300,000 in a cluster project aimed at enhancing the sustainability and growth of local batik SMEs in Gampaha, Sri Lanka. This initiative, titled “Healthy Socio-Economic Recovery of the Apparel Sector, Micro and Small Enterprises in Severely COVID-19 Impacted Gampaha District of Sri Lanka,” focuses on equipping these businesses

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Economics

WindForce and Vidullanka Invest Rs. 370 Million More into Solar Energy

WindForce PLC and Vidullanka PLC have entered into a definitive share sale and purchase agreement with Hi-Energy Services Ltd. on 11th July to acquire 36,500,000 ordinary voting shares of Solar Universe Ltd., held by Hi-Energy Services Ltd., for Rs. 370 million. Both WindForce PLC and Vidullanka PLC will invest Rs. 185 million each to acquire

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