WindForce
WindForce PLC is a publicly listed Sri Lankan Independent Power Producer that develops, owns, and operates 255.1 MW of wind, solar, and hydropower plants across Sri Lanka, Pakistan, Uganda, and Ukraine, selling primarily to the Ceylon Electricity Board under long-term Power Purchase Agreements.
- Company typePublic
- Founded2010
- HeadquartersColombo, Sri Lanka
- Headcount51–100
- GTM typeB2B
- OfferingServices
What WindForce does
WindForce PLC is a publicly listed Sri Lankan Independent Power Producer (IPP) that develops, owns, and operates utility-scale wind, solar, and mini hydropower plants. Founded in 2010 and headquartered in Colombo, the company pioneered wind power generation in Sri Lanka and has built an operating portfolio totaling 255.1 MW across 31 plants: 84.2 MW of wind (8 plants in Sri Lanka), 144.6 MW of solar (13 plants across Sri Lanka, Pakistan, Uganda, and Ukraine, including Sri Lanka's first agrivoltaic installation), and 26.3 MW of mini hydro (10 plants in Sri Lanka and Uganda). The portfolio generates approximately 634 GWh of clean electricity annually, saving an estimated 449,420+ metric tons of CO2 emissions per year, and is sold primarily to the national grid through long-term Power Purchase Agreements with the Ceylon Electricity Board under the Standard PPA framework.
The company operates a vertically integrated model spanning in-house Engineering, Procurement and Construction (EPC), Operations and Maintenance (O&M) — supported by a 100+ person technical team targeting 95% plant availability and TPM principles — and, more recently, Battery Energy Storage System development. Revenue streams include grid-connected power generation, rooftop and ground-mounted solar installations for corporate/industrial clients (Akbar Brothers, Hirdaramani, Sunshine Group, Mona Plastics), managed O&M services, EPC project revenue, and a sustainable mobility business through subsidiary Satva Automotive (exclusive distributor of Vmoto SOCO EV two-wheelers in Sri Lanka, with Piaggio India EV three-wheeler assembly under MOU). The company was the first Sri Lankan renewable energy producer certified to issue Carbon Emission Reduction (CER) credits (2022) and holds ICRA Lanka [SL]AA- Stable issuer rating and ISO 9001/14001/45001 certifications.
WindForce listed on the Colombo Stock Exchange in 2021 via an oversubscribed IPO (8x) and is now positioned as the largest Independent Power Producer in Sri Lanka's renewable energy sector. Its forward pipeline includes Sri Lanka's first and largest 120 MW/480 MWh standalone BESS programme, a $133 million integrated 100 MW solar + 12 MWh BESS + 132 kV transmission project with Lakdhanavi Ltd (Siyambalanduwa), a 100 MW Rividhanavi solar project, an IFC-backed 100 MW utility-scale solar facility ($18 million financing), a 10 MW/40 MWh Panadura BESS, and an additional 10 MW wind project through the Safe Power International acquisition. The board is led by Chairman Ranil Pathirana and Managing Director Manjula Perera (a co-founder), with significant Akbarally family representation.
WindForce firmographics
Firmographics- Name
- WindForce
- Legal name
- WindForce PLC
- Website
- https://windforce.lk
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- WindForce PLC is a publicly listed Sri Lankan Independent Power Producer that develops, owns, and operates 255.1 MW of wind, solar, and hydropower plants across Sri Lanka, Pakistan, Uganda, and Ukraine, selling primarily to the Ceylon Electricity Board under long-term Power Purchase Agreements.
- Ownership category
- akta.pro rank
WindForce industry classification
Industry- Product category
- Renewable Energy / Independent Power Production
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK)
Keywords
Where WindForce is headquartered
LocationHeadquarters
- HQ city
- Colombo
- HQ country
- Sri Lanka
- HQ region
- Asia
Offices2 records
Markets served
WindForce business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Power Generation and Sales: Generates electricity through wind, solar, and hydro power plants and sells to the national grid via Power Purchase Agreements with Ceylon Electricity Board. Revenue is recurring based on generation capacity and grid delivery.
- Electric Vehicle Distribution: Through subsidiary Satva Automotive, distributes EV motorcycles and scooters as exclusive sole distributor of Vmoto SOCO in Sri Lanka
- EPC Services: Engineering, Procurement and Construction services for renewable energy projects managed in-house
- O&M Services: Operations and maintenance services for power plants, ensuring optimal plant performance with 95% availability target
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
WindForce product offering
Product offeringCore offering
WindForce PLC develops, owns, and operates utility-scale wind, solar, and hydropower renewable energy plants that generate and sell electricity to the Ceylon Electricity Board under long-term Power Purchase Agreements. Beyond generation, the company provides in-house Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) services, is expanding into grid-scale Battery Energy Storage Systems, and distributes electric two-wheelers in Sri Lanka through its subsidiary Satva Automotive.
Product overview
WindForce PLC is a leading renewable energy development company in Sri Lanka operating as an Independent Power Producer. The company operates a multi-technology renewable energy portfolio including 8 wind power plants (84.2 MW), 13 solar power plants (144.6 MW), and 10 mini hydropower plants (26.3 MW) across Sri Lanka, Pakistan, Uganda, and Ukraine. The portfolio generates approximately 634 GWh of clean electricity annually. Beyond power generation, WindForce offers EPC (Engineering, Procurement and Construction) and O&M (Operations and Maintenance) services, with a 100+ person technical team. The company has expanded into battery energy storage systems (BESS) with Sri Lanka's largest 120 MW/480 MWh standalone BESS programme, sustainable transportation through its Satva Automotive EV subsidiary, and carbon credit certification services.
Differentiator
Problem solved
Functional benefit
Brands
- Satva: Sustainable transportation solution provider and exclusive sole distributor of Vmoto SOCO, an Australian EV 2-wheeler brand in Sri Lanka.
- Sipsathara
- Harithahuruwa
- Athahitha
- Suvadiri
- Sahana
Products and services
- Wind Power Generation Utility-scale wind power generation through 8 wind plants with a total installed capacity of 84.2 MW, producing 258.6 GWh annually. Plants are located in Puttalam, Kilinochchi, and Mannar in Sri Lanka, selling electricity to the Ceylon Electricity Board under Power Purchase Agreements.
- Solar Power Generation Utility-scale and rooftop solar power generation through 13 solar plants with a total installed capacity of 144.6 MW, producing 265 GWh annually. Includes ground-mounted, rooftop, and agrivoltaic installations across Sri Lanka, Pakistan, Uganda, and Ukraine. Corporate rooftop solar deployments serve manufacturers such as Akbar Brothers, Hirdaramani Group, Sunshine Group, and Mona Plastics.
- Hydro Power Generation Mini hydropower generation through 10 plants with a total installed capacity of 26.3 MW, producing 110.4 GWh annually. Plants operate in Sri Lanka and Uganda, selling electricity to national grids under Power Purchase Agreements.
- Battery Energy Storage Systems (BESS) Grid-scale Battery Energy Storage System projects including Sri Lanka's first and largest 120 MW/480 MWh standalone BESS programme (11 fully owned plus 1 consortium project with Vidullanka PLC), the 10 MW/40 MWh Panadura BESS project, and a 12 MWh BESS as part of the Siyambalanduwa integrated project. Awarded under Sri Lanka's national BESS programme.
- Satva Automotive - Electric Vehicle Distribution Sustainable transportation solutions through subsidiary Satva Automotive (Pvt) Ltd. Exclusive sole distributor of Vmoto SOCO, an Australian EV 2-wheeler brand, offering EV motorcycles and scooters in Sri Lanka. Also exploring EV 3-wheeler assembly through MOU with Piaggio India and EV conversions through Bluesky EV Ltd.
- EPC Services In-house Engineering, Procurement and Construction services covering the full renewable energy project lifecycle from conceptualization to implementation. Includes design, technology planning, risk management, quality control, OHS planning, budgeting, procurement, and implementation, governed by the Chief Development Officer.
- Operations and Maintenance (O&M) Services Operations and maintenance services for renewable energy plants, delivered by a technical team of over 100 people implementing Total Productive Maintenance (TPM) principles with a 95% plant availability target. Handles specialized equipment management and project dismantling.
- Carbon Emission Reduction (CER) Credits Certified issuance of Carbon Emission Reduction Credits (CER) certificates for organizations seeking to purchase carbon credits, enabled by WindForce's status as the first Sri Lankan renewable energy producer authorized to issue such certificates (certified 2022).
Quantifiable outcome
- 449,420 MT+ CO2 emissions saved annually across all power plants
- +4 more outcomes
Companies that use WindForce
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
WindForce technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
WindForce partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Vidullanka PLCcoreWindForce partnered with Vidullanka PLC in a consortium for the Vavunathivu Battery Energy Storage System project. Together with eleven fully-owned WindForce projects, this forms Sri Lanka's first-ever and largest 120 MW/480 MWh grid-scale standalone BESS programme under a 15-year Build, Own and Operate model.
- Ceylon Electricity BoardcoreCeylon Electricity Board signed the Standard Power Purchase Agreement (SPPA) with WindForce subsidiary Diya Janani for the 5MW floating solar project on the Dambuluoya Reservoir. CEB is the primary off-taker for all WindForce renewable energy projects.
- Arinma Power (Pvt) LtdminorWindForce acquired 51% equity stake in Safe Power International (Pvt) Ltd with Arinma Power holding the remaining 49%. Safe Power will develop a 10 MW wind power project in Alankuda, Puttalam District with an estimated cost of LKR 4.2 billion.
- Lakdhanavi LtdcoreWindForce collaborated with Lakdhanavi Ltd on the Siyambalanduwa Solar Power Project - Sri Lanka's largest private-sector renewable energy project. The 100MW solar plant with transmission facility represents a $133 million investment and is Sri Lanka's first integrated renewable energy project combining power generation, storage, and transmission.
- Vmoto SOCOcoreSatva Automotive (subsidiary of WindForce) is the exclusive sole distributor of Vmoto SOCO, an Australian EV 2-wheeler brand, offering a range of EV motorcycles and scooters in Sri Lanka through www.vmotosoco.lk
- Piaggio India (Pvt) LtdminorSatva Automotive signed an MOU with Piaggio India to explore possibilities of assembling EV 3-wheelers in Sri Lanka as part of sustainable transportation expansion.
- Sri Lanka Sustainable Energy AuthoritycoreWindForce signed a land lease agreement with the Sri Lanka Sustainable Energy Authority for the Rividhanavi 100 MW Solar Power Project covering land in Monaragala District. The effective start date was October 10, 2025.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
WindForce competitors and assessment
Company assessmentDirect peers
- Vidullanka PLC: Sri Lankan renewable energy developer and BESS partner of WindForce on the Vavunathivu project. Competes in the same domestic renewable auction and BESS programmes, with overlap in mini-hydro and solar.
- Senok Wind Power (Pvt) Ltd: Sri Lankan wind power IPP operating multiple wind plants in similar geographies to WindForce. Direct competitor in the domestic wind IPP market and shares the Ceylon Electricity Board off-take structure.
- Lakdhanavi Ltd: Sri Lankan power-generation and EPC company co-developing the Siyambalanduwa 100 MW solar project with WindForce. Competes in both IPP and EPC segments with overlapping transmission and grid-substation capabilities.
Broad incumbents
- Sembcorp Industries: Singapore-listed energy and urban developer with significant renewable and BESS assets across South and Southeast Asia. Comparable IPP+BESS strategy with diversified geographies.
- NTPC Renewable Energy Limited: Renewables arm of India's largest power generator. Broad incumbent in South Asia with utility-scale wind, solar and emerging BESS — comparable auction-based, government-counterparty project development model.
- Tata Power Renewables: Renewables arm of Tata Power operating utility-scale wind, solar and rooftop assets in India. Comparable EPC + IPP integration and corporate sustainability customer base.
- Greenko Group: India-based large-scale renewable IPP with diversified wind, solar and hydro plus grid-scale storage. Comparable multi-technology IPP model and PPA-driven revenue structure.
- ReNew Energy Global Plc: India-focused wind and solar IPP with integrated manufacturing and BESS ambitions. Comparable project-finance-heavy growth strategy and government off-take model.
- Adani Green Energy Limited: One of India's largest renewable energy IPPs with multi-gigawatt wind, solar and hybrid capacity. Provides a benchmark for scale, project finance access, and operating-leverage economics applicable to WindForce.
Others
- Sterling and Wilson Renewable Energy: Global EPC contractor for solar and BESS projects. Comparable to WindForce's in-house EPC capability and active in similar emerging markets; relevant as a potential partner or competitor for project execution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
WindForce social profiles
Digital presenceWindForce compliance and trust
Trust signalCompliance7 records
WindForce financial estimates
Financial estimateRevenue estimate
Valuation estimate
WindForce leadership team
Management profileNumber of profiles
Profiles18 records
WindForce subsidiaries and ownership
Company hierarchySubsidiaries35 records
WindForce funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WindForce M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WindForce
What does WindForce do?
WindForce PLC develops, owns, and operates utility-scale wind, solar, and hydropower renewable energy plants that generate and sell electricity to the Ceylon Electricity Board under long-term Power Purchase Agreements. Beyond generation, the company provides in-house Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) services, is expanding into grid-scale Battery Energy Storage Systems, and distributes electric two-wheelers in Sri Lanka through its subsidiary Satva Automotive.
Is WindForce a public or private company?
WindForce is a public company. It is classified as public and is currently operating.
When was WindForce founded?
WindForce was founded in 2010. It employs 51 to 100 people.
Where is WindForce based?
WindForce is headquartered in Colombo, Sri Lanka, in the Asia region.
How does WindForce make money?
Four revenue lines are on record. Power Generation and Sales are the primary driver. The others are electric Vehicle Distribution, EPC Services and O&M Services.
Who are WindForce's main competitors?
Direct peers on record are Vidullanka PLC, Senok Wind Power (Pvt) Ltd and Lakdhanavi Ltd. Broad incumbents are Sembcorp Industries, NTPC Renewable Energy Limited, Tata Power Renewables, Greenko Group, ReNew Energy Global Plc and Adani Green Energy Limited. Sterling and Wilson Renewable Energy is listed as an others.
Does WindForce have an API?
No public API is recorded for WindForce.
What industry is WindForce in?
WindForce's product category is Renewable Energy / Independent Power Production. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUACAFAA, Onshore Wind Power Generation (Utility-Scale). Its NAICS code is 221115 and its SIC code is 4991.