WindForce floating solar project is set to transform Sri Lanka’s renewable energy landscape. The initiative, led by its subsidiary Diya Janani, promises to deliver 6.5MW capacity while supporting sustainable energy growth in the country.
Sri Lanka’s WindForce subsidiary launches 6.5MW floating solar project
Sri Lanka’s renewable energy sector is taking a major leap forward as WindForce floating solar project is officially underway. The company’s wholly owned subsidiary, Diya Janani (Pvt) Ltd, has signed a standard power purchase agreement (SPPA) with the Ceylon Electricity Board (CEB) to construct a 6.5MWdc/5MWac floating solar installation on the Dambuluoya Reservoir.
With an estimated project cost of 1,176 million rupees, the initiative represents a significant investment in sustainable infrastructure. According to the company’s stock exchange filing, this is one of the first and largest private-sector floating solar developments in Sri Lanka, positioning WindForce at the forefront of the nation’s renewable energy transformation.
The floating solar project reflects a growing trend in Sri Lanka toward innovative energy solutions that optimize available water surfaces while minimizing land use. By placing solar panels on reservoirs, the project not only generates clean electricity but also helps reduce water evaporation and improves overall energy efficiency.
WindForce has outlined a capital structure of 80:20 debt-to-equity, demonstrating a strong financial commitment and structured approach to project execution. This strategic financing ensures both sustainability and financial feasibility while balancing investor confidence and project viability.
The SPPA agreement with the CEB secures a long-term framework for electricity supply, guaranteeing stable returns for investors while contributing to the national grid. Floating solar installations, like this one, are increasingly seen as a practical and scalable solution for countries with limited land availability but abundant water resources.
Experts highlight that WindForce’s project could serve as a model for future renewable energy investments in Sri Lanka. Its scale, innovative approach, and private-sector leadership showcase how public-private partnerships can drive the transition toward sustainable energy systems.
The project also aligns with Sri Lanka’s broader renewable energy targets, aimed at reducing dependency on fossil fuels and expanding green electricity generation. By harnessing solar energy efficiently, the WindForce floating solar project contributes to national efforts to achieve energy security, reduce carbon emissions, and promote environmentally responsible development.
From a technical perspective, the project’s 6.5MWdc capacity is projected to generate consistent power output sufficient to supply nearby communities and industrial users. Floating solar systems, compared to land-based installations, offer advantages such as improved panel cooling, higher efficiency, and minimal land disruption, making them increasingly attractive for energy developers.
Investors and stakeholders in the renewable energy sector are closely monitoring the progress of the Dambuluoya Reservoir project. WindForce’s proactive planning, robust financial structure, and pioneering technology adoption position the company as a leader in Sri Lanka’s green energy revolution.
In summary, the WindForce floating solar project exemplifies a strategic, forward-thinking investment in renewable energy. With its innovative design, government-backed agreement, and sustainable financing, the initiative promises to reshape Sri Lanka’s energy landscape and inspire similar projects nationwide.