What Hayleys Solar does

Hayleys Solar is the renewable energy arm of Hayleys Fentons Limited, a subsidiary of Hayleys PLC (Sri Lanka's largest diversified conglomerate with 147+ years of history). Founded in 2011 as Fentons Solar Energy and rebranded in 2019 following Hayleys' 2016 acquisition of Fentons, the company has grown into Sri Lanka's largest solar EPC contractor with over 500 MWp of rooftop solar installed and 25% national market share. Core offerings span hybrid solar PV systems with lithium-ion battery backup (proprietary Energynet line), BESS microgrids, PV-DG synchronization, agrivoltaics (semi-transparent panels for tea plantations), solar-powered water pumps, solar hot water systems, and portable power stations. Technology is sourced from tier-one global partners (SMA, Fronius, BYD, Huawei, JASolar, LONGi, Canadian Solar, Bluetti) and integrated by a 200+ engineer workforce.

The company operates a hybrid go-to-market model combining direct enterprise field sales for C&I and utility-scale projects, a national network of five Experience Centres for residential and SME customers, an e-commerce shop, and a 15+ bank financing partnership network (HNB, Seylan, DFCC, Commercial Bank, etc.) that converts financial institution branches into a distributed solar acquisition channel. Revenue streams include one-time EPC sales, PPA-based recurring revenue (particularly for Maldives resorts), and aftersales service and maintenance contracts. Customer segments span residential (12,000+ customers since 2019), commercial and industrial (manufacturing, retail, automotive, apparel, food), utility-scale (200 MW of CEB projects), agricultural (tea estates, ADB-backed agrivoltaics), religious and community institutions, and international luxury hospitality (Maldives resorts). Pricing is quote-based, anchored by a savings calculator tool and bank financing options including interest-free installments up to 60 months for HNB cardholders.

Hayleys Solar has executed flagship projects including Sri Lanka's first 2 MWh non-government-funded BESS (Watch Tower Bible and Tract Society, 17 sites), the country's largest single-roof 6.9 MW installation completed in 100 days, the Hanthana agrivoltaics demonstration (ADB-partnered), and a 50 MW wind power project through sister entity HayWind One. The company is backed by the Hayleys PLC balance sheet, holds the #1 brand position in Sri Lankan solar (LMD Most Loved Brands 2026, Brand Finance Top 100), and has won regional recognition including Dragons of Asia 2024 Silver and Dragons of Sri Lanka 2025 Silver for integrated marketing.

Name

Hayleys Solar

Legal name

Hayleys Solar (brand name of Hayleys Fentons Limited)

Website

https://hayleyssolar.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Short description

Hayleys Solar is the renewable energy arm of Hayleys Fentons Limited and Sri Lanka's largest solar EPC contractor, serving residential, commercial, industrial, utility-scale, agricultural, and Maldives resort clients with over 500 MWp installed. It offers hybrid PV systems, battery storage, agrivoltaics, and EPC services through five Experience Centres and 15+ bank financing partnerships.

Ownership category

akta.pro rank

Product category

Solar EPC Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

Keywords

• Solar EPC services
• Rooftop solar installation
• Battery energy storage
• Renewable energy solutions
• Commercial solar systems

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Solar EPC (Engineering, Procurement and Construction): End-to-end solar power solutions encompassing installation, after-sales service and maintenance. Revenue generated from engineering, procurement and construction of solar PV systems across residential, commercial, industrial and utility-scale projects.
2. Power Purchase Agreement (PPA): Zero upfront investment model for commercial clients (particularly Maldives resorts) enabling immediate access to clean energy at competitive tariffs. Revenue generated through long-term power purchase agreements rather than upfront system sales.
3. Battery Energy Storage System (BESS) Installation: Installation of large-scale battery energy storage systems integrated with solar PV for institutional and commercial clients, providing energy independence and grid resilience.
4. EPC Turnkey Ownership Model: Fully engineered solar solutions sold to customers for direct ownership, typically achieving payback within approximately two years with strong long-term IRR potential. Offered alongside PPA model for flexibility.
5. Aftersales Service and Maintenance: Nationwide after-sales service division providing maintenance for solar systems regardless of original installer, including solar panel maintenance, after-sales services and system upgrades.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Hayleys Solar is the renewable energy arm of Hayleys Fentons Limited and Sri Lanka's largest solar EPC company, delivering end-to-end solar Engineering, Procurement and Construction (EPC) solutions for residential, commercial, industrial and utility-scale projects. The company supplies and installs solar PV panels, inverters, hybrid/off-grid battery storage systems, and complementary products such as solar-powered water pumps and solar hot water systems. It also operates a nationwide after-sales service network and a financing programme through 15+ bank partners, including PPA (Power Purchase Agreement) and EPC turnkey ownership models.

Product overview

Hayleys Solar operates as a comprehensive solar energy solutions provider offering both products and services. Their core product portfolio includes hybrid solar systems, solar panels (from tier-one manufacturers including JASolar, LONGi, CanadianSolar), solar inverters (from SMA, Fronius, Solax, Huawei, Deye), and battery storage solutions (BYD LiFePO4 batteries, Bluetti portable power stations). Supporting products include solar-powered water pumps for agriculture and solar hot water systems. Their Energynet off-grid/hybrid system with battery backup is their key differentiator, enabling continuous power during outages with PV-DG synchronization capability. Services encompass EPC installation (residential, commercial, industrial, utility-scale), after-sales maintenance, and financing programs through 15+ bank partnerships. The company offers flexible engagement models including outright EPC purchase and PPA (Power Purchase Agreement) for zero-capital installations. They have expanded internationally to the Maldives market.

Differentiator

Problem solved

Functional benefit

Products and services

• Hybrid Solar System Solar PV system combined with battery storage and grid connectivity that enables continuous power during outages and maximises solar utilisation day and night for residential and commercial customers.
• Solar Panels Solar photovoltaic panels from tier-one manufacturers including JASolar, LONGi and Canadian Solar for generating electricity from sunlight in rooftop and ground-mounted installations.
• Solar Inverters Power conversion equipment from partners including SMA, Fronius, Solax, Huawei and Deye that converts DC solar power to AC electricity for residential and commercial systems.
• Solar Powered Water Pumps Solar-powered irrigation and water pumping systems for agricultural and rural applications, available through Hayleys Solar's Experience Centres.
• Solar Hot Water Systems Solar thermal systems for heating water in residential and commercial applications, available through Hayleys Solar.
• Hayleys Solar Portable Power Station (Bluetti) Portable lithium battery power stations supplied through a Bluetti partnership for off-grid power needs, adventures and portable power use.
• Energynet Off-grid/Hybrid Solar PV System with Battery Backup Proprietary off-grid/hybrid solar PV system with lithium-ion battery backup and PV-DG synchronization that enables solar energy utilisation during outages and reduces diesel generator fuel costs for businesses.
• Solar Panel Installation (EPC Service) Professional EPC installation services for residential, commercial, industrial, institutional and utility-scale solar projects, including design, procurement and construction.
• After Sales Service & Maintenance Ongoing maintenance and after-sales support services for installed solar systems across Sri Lanka, available regardless of original installer.

Quantifiable outcome

• Reduces monthly electricity bills to zero over 20 years with monthly financing instalments lower than existing electricity bills
• +6 more outcomes

Named customers19 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Cargills GroupcoreStrategic or Co-development Partner · 19 May 2025Renewed partnership with Cargills Group (Cargills Food City, Cargills Square) for islandwide solar installations. Phase 1 delivered 2.4 MW across 21 locations; Phase 2 delivering 2.1 MW across 25 additional locations. Offsets approximately 19,321 tonnes of carbon emissions.
• Asian Development Bank (ADB)coreStrategic or Co-development Partner · 12 July 2024ADB conceptualised, designed and financed Sri Lanka's first agrivoltaics demonstration project in Hanthana, Kandy in partnership with SLSEA, TSHDA, and University of Peradeniya. Hayleys Solar selected through competitive bid for supply and installation of 85 kWp semi-transparent solar panels. Project generates electricity for 100 families and feeds national grid with 24 kWh battery storage.
• LumalaminorStrategic or Co-development Partner · 24 May 2023Partnership with Lumala, Sri Lanka's pioneering bicycle brand with 4 decades of market presence, to power 'Eco Ride' e-bike expedition from Point Pedro to Dondra (800+ km route). Hayleys Solar provided Energynet off-grid/hybrid solar PV system with battery backup for e-bikes, reducing energy consumption by 41% and CO2 emissions by 75%.
• BYDcoreTechnology or IntegrationExclusive partnership with BYD, one of the world's leading battery technology manufacturers, to introduce advanced battery solutions in Sri Lanka including LV 5.0, HVS MAX Lite, and LV 5.0 Plus scalable and efficient energy storage products for residential and commercial applications. Hayleys Solar provides full warranty management for these battery products.
• BluetticoreTechnology or IntegrationPartnership with Bluetti for portable solar generators (Hayleys Solar Portable Power Station), offering customers flexible renewable energy storage for adventures and portable power needs. Reduces dependence on grid and fossil fuels.
• University of PeradeniyacoreStrategic or Co-development PartnerTechnical guidance provided by Faculty of Engineering, University of Peradeniya for the agrivoltaics project. Professor Janaka Ekanayake and Professor Lilantha Samaranayake led academic collaboration. University also partnered for 1.2 MWp solar installation at Engineering and Arts faculties.
• SMAcoreTechnology or IntegrationPartnership with SMA, a leading global inverter manufacturer. SMA inverters are used in Hayleys Solar installations as part of the company's strategy to partner only with trusted tier-one manufacturers offering high quality and reliability.
• FroniuscoreTechnology or IntegrationPartnership with Fronius for solar inverters as part of the tier-one manufacturer network ensuring high quality and durability of solar power solutions.
• HuaweicoreTechnology or IntegrationPartnership with Huawei for solar inverters as part of tier-one manufacturer network.
• JASolarcoreTechnology or IntegrationPartnership with JASolar for solar panels as part of global tier-one manufacturer network ensuring quality across solar power solutions.
• LONGicoreTechnology or IntegrationPartnership with LONGi for solar panels as part of tier-one manufacturer network.
• Canadian SolarcoreTechnology or IntegrationPartnership with Canadian Solar for solar panels as part of tier-one manufacturer network.
• Sri Lanka Sustainable Energy Authority (SLSEA)coreStrategic or Co-development PartnerSLSEA is the governing body in charge of pioneering Sri Lanka's sustainable energy transformation. Collaborated with ADB, TSHDA, University of Peradeniya and Hayleys Solar on the first agrivoltaics demonstration project.
• Tea Smallholders Development Authority (TSHDA)coreStrategic or Co-development PartnerTSHDA under the Ministry of Plantation Industries collaborated on the agrivoltaics project at Hanthana tea estate, providing land and community engagement for the pioneering agricultural-solar initiative.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Loom Solar: Loom Solar is an Indian D2C solar company selling panels and inverters directly to consumers and small businesses via e-commerce. Comparable to Hayleys Solar's shop.hayleyssolar.com e-commerce storefront and direct-to-consumer experience centre strategy.

Direct peers

• Waaree Energies: Waaree Energies is an Indian solar module manufacturer and EPC provider with strong rooftop and utility-scale presence. Closely comparable to Hayleys Solar in offering end-to-end solar solutions (manufacturing + EPC) across residential, commercial, and industrial segments.
• Sun King (Greenlight Planet): Sun King sells pay-as-you-go solar home systems across Africa and Asia through a distributed agent network with consumer financing. Comparable to Hayleys Solar's B2C pivot with bank-financed residential offerings and the Nayak Nowena Nayak zero-upfront model.
• Vikram Solar: Vikram Solar is an Indian solar module manufacturer and EPC with utility-scale and rooftop offerings across India and international markets. Comparable to Hayleys Solar in combining module sourcing with EPC execution across C&I and utility-scale segments.
• Sterling and Wilson Renewable Energy: Sterling and Wilson is one of the largest global solar EPC contractors with strong presence in emerging markets including Middle East, Africa, and South Asia. Directly comparable as a multi-geography solar EPC targeting utility-scale and C&I projects in developing markets.
• Tata Power Solar Systems: Tata Power Solar is one of India's largest solar EPC companies with utility-scale, commercial, and residential installations. Directly comparable business model as a diversified solar EPC serving C&I, residential, and utility-scale segments with financing partnerships, mirroring Hayleys Solar's structure across Sri Lanka.
• M-KOPA: M-KOPA is a leading pay-as-you-go solar provider in East Africa serving off-grid households with financing and battery-backed solar systems. Comparable to Hayleys Solar's Energynet hybrid/off-grid product line and zero-upfront PPA model targeting residential customers without grid reliability.

Broad incumbents

• Adani Solar: Adani Solar is one of India's largest vertically integrated solar manufacturers and EPCs, operating at massive utility-scale with downstream rooftop operations. Comparable as a much larger incumbent in the same solar EPC category, with broader geographic reach and capital backing.
• First Solar: First Solar is a US-headquartered thin-film PV manufacturer and utility-scale solar project developer with global operations. Comparable as a large incumbent in solar EPC and project development, though operating at vastly larger scale and focused on utility-scale rather than rooftop segments.
• Trina Solar: Trina Solar is a top-3 global PV module manufacturer with growing downstream EPC and energy storage operations. Comparable as a major upstream partner and competitor in solar EPC, providing tier-one modules to integrators including Hayleys Solar.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat7 records

Key risks6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hayleys Solar