Economics

WindForce Achieves Stellar Q1 Performance with 87% Surge in EBITDA

  • August 16, 2024

WindForce PLC has reported an exceptional financial performance for the first quarter of the 2024/25 fiscal year, showcasing significant growth across key metrics. The company’s EBITDA surged by an impressive 87%, reaching Rs. 1.95 billion, up from Rs. 1 billion during the same period last year, reflecting the company’s strategic advancements and robust market position.

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Economics

Revised Rate for Rooftop Solar Panels and Renewable Energy

  • July 4, 2024

Power and Energy Minister Kanchana Wijesekera announced a revised payment system for rooftop solar panels and other renewable energy projects, effective from July 1 this year. The payment method for projects initiated before this date remains unchanged. The new 20-year fixed tariff for rooftop solar panel projects is Rs. 27.06 per unit for installations up

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