Power & Energy · Alternative Power Generation
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 6.9B | Rs 2.2B | 1.32 |
| 2024 | Rs 5.9B | Rs 1.8B | 1.15 |
| 2023 | Rs 5.0B | Rs 1.8B | 1.10 |
| 2022 | Rs 4.4B | Rs 2.0B | 1.17 |
| 2021 | Rs 4.3B | Rs 2.1B | 1.52 |
WindForce PLC is a diversified renewable energy company engaged in the ownership, development and operation of renewable energy assets and the generation and delivery of clean electrical energy to national grids. The company provides end-to-end engineering, procurement and construction (EPC) and operations & maintenance (O&M) services across wind, solar and small hydro technologies and develops Battery Energy Storage Systems (BESS). Its renewable portfolio combines utility-scale wind, ground-mounted and agrovoltaic solar, and mini-hydro plants, supported by in‑house capabilities such as IoT-enabled SCADA, turbine repair workshops and predictive solar irradiance forecasting. WindForce operates a mix of local and international assets, with a significant presence in Sri Lanka alongside plants overseas and project development across multiple continents. Key named subsidiaries and project entities in the Group include Renewgen (Pvt) Limited, Powergen Lanka (Pvt) Limited, Energy Reclamation (Pvt) Limited, BlueSky EV (Pvt) Ltd., Satva Automotive (Pvt) Ltd., and several project companies such as Kebitigollewa Solar Power (Private) Ltd. and Siyambalanduwa (flagship project), reflecting activities across generation, project development and an emerging electric two‑wheeler automotive segment.
Windforce slipped to a small March-quarter net loss even as operations improved, but has since secured IFC funding for a flagship utility-scale solar project. At 36.4x P/E, delivery and taming finance and FX drag are the swing factors.
Read the full report (Jul 30, 2026) →Higher than 27% of its last 15 months · 1 of 3 in its sector
4 articles in 30 days: 2 positive, 1 negative, 1 neutral.
WindForce PLC secured up to US$18 million in IFC local-currency financing to develop Sri Lanka's first utility-scale 100MW solar project. IFC also committed US$10m to New Anthoney's Farms, bringing total IFC investments advised by TWC Capital to up to US$28m across renewables and agribusiness.
TWC Capital advised WindForce PLC on an IFC commitment of up to $18m for Sri Lanka's first utility-scale 100 MW solar project, and advised New Anthoney's Farms on a separate $10m IFC financing, totalling up to $28m in development finance.
Windforce PLC and Vidullanka PLC won the government contract to deploy grid-forming battery storage at 13 substation sites (each BESS 40MWh storage, 10MW discharge) as part of Sri Lanka’s largest BESS programme supporting the 70% renewable target by 2030.
Windforce PLC (WIND.N0000) and Vidullanka PLC (VLL.N0000) won a government tender to deploy grid-forming battery energy storage systems—each BESS 40 MWh storage/10 MW discharge—across 13 substations. The rollout is Sri Lanka's largest BESS program and supports the 70% renewable-by-2030 target.
Vidullanka PLC will buy a 49% stake in Storex for around 2 billion rupees to acquire a portfolio of 12 CEB‑awarded 10MW/40MWh BESS projects; WindForce holds the remaining 51% and Storex has regulatory approvals and financial closure.
Vidullanka will invest about Rs. 2 billion to acquire a 49% stake in Storex, the vehicle developing 12 CEB‑awarded 10MW/40MWh grid-scale BESS projects; WindForce retains a 51% stake. Storex has secured regulatory approvals and financial closure for the 12 projects.
IFC will invest up to $18 million via a local‑currency loan in WindForce PLC to develop Sri Lanka’s first 100 MW utility‑scale solar plant, expected to generate about 220 GWh/year. The project includes advisory support, enables future battery storage, and is projected to create over 3,000 jobs and lower electricity costs.
WindForce PLC secured a loan facility of up to $18 million from the IFC, with $10m allocated for its equity contribution to a 100MW Siyambalanduwa solar park and $8m earmarked for battery storage and other renewable investments.
Sri Lanka advanced renewables, launching a 250 MW/1000 MWh battery storage tender and clearing funding to integrate rooftop solar and virtual net metering. The government also advanced grid and storage projects and named Delft, Analaitivu and Nainativu as Green Energy Islands. Business groups pressed for policy, grid and pricing reforms. Fuel prices were held steady as CPC absorbed diesel losses.
Auto-generated from 19 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.