Sri Lanka’s WindForce announces another 10 MW wind project
Daily FT: WindForce PLC has announced the acquisition of a 51% equity stake in Safe Power International Ltd., with the remaining 49% held by Arinma Power Ltd. A Shareholder Agreement formalising this partnership was executed on 3 October 2025.
Safe Power International Ltd., has been incorporated to develop a 10 MW Wind Power Project in Alankuda, Puttalam District, Sri Lanka with an estimated total project cost of Rs. 4.2 billion. The project will be financed through a 75:25 debt-to-equity structure.
This strategic acquisition reinforces WindForce PLC’s position as a leading renewable energy developer, expanding its clean energy portfolio and contributing to the nation’s transition towards sustainable power generation. The project is expected to enhance the Company’s future earnings, diversify its generation mix, and further advance its long-term sustainability goals.
OSL take:
The increasing number of projects being launched in Sri Lanka’s renewable energy generation sector is indicative of the country’s overall economic expansion and the demand for sustainable energy generation mechanisms. Sri Lanka’s power industry, especially the renewable energy generation sector, has become a hotspot for business/investment opportunities with many foreign businesses/investors already expressing interest in entering the sector while many others have already started operations in the sector. The growth and profits recorded by businesses already engaged in Sri Lanka’s renewable energy generation sector clearly indicates the potential for growth and business in the sector. Given the commitment of the Sri Lankan government to increase the renewable energy generation component in the country, foreign businesses/investors could confidently explore the expanding business/investment opportunities in the renewable energy generation sector as they guarantee returns on investment (ROIs) as well as continue to be lucrative ventures.
| Article Code : | VBS/AT/20251016/Z_3 |