Panda Solar

What Panda Solar does

Panda Solar Works International (Pvt) Ltd, trading as Panda Solar, is a Sri Lankan private-limited solar power integrator headquartered in Maharagama (registered in Nugegoda) and founded in 1990. The company supplies On-Grid and Off-Grid solar power systems to two segments: domestic/residential homeowners and industrial/commercial customers, using a multi-vendor component stack across panels (LG Mono X Plus, Jinko, Hanwha Q Cells, Leapton) and inverters (Huawei, SMA, Solis, Solax), monitored through third-party Omnik and SMA portals.

Its commercial model rests on a sales-led motion of free on-site visits, qualified inspections, system design, CEB/LECO approval facilitation, installation, and post-sale monitoring. Pricing is not publicly disclosed; the company emphasizes sub-5-year payback and zero-bill outcomes for residential customers, and pairs installations with ADB-backed 8% Solar Loans. It is an active partner in the government Sooryabala Sangramaya program, which offers a 20-year guaranteed purchase or bill offset for exported electricity, providing a regulated revenue channel for both Panda and its installed base. Operationally it claims islandwide coverage and adds "several Megawatts per year" to the national grid, but discloses no revenue, funding history, or financial metrics.

The business is a hardware-sales and professional-services integrator with a complementary long-dated transaction-fee stream via net-metered export. It does not develop proprietary silicon, panels, or inverters, and relies entirely on global equipment vendors. Distribution is single-country (Sri Lanka) with a workforce of 51-100; growth signal is project-cadence-led rather than funding-led, against the backdrop of a national policy goal of 50% solar by 2025.

Name

Panda Solar

Legal name

Panda Solar Works International (Pvt) Ltd

Website

https://pandasolar.lk

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Panda Solar (Panda Solar Works International (Pvt) Ltd) is a Sri Lankan solar integrator that designs, installs, and commissions On-Grid and Off-Grid solar power systems for residential homeowners and industrial customers, supported by government Sooryabala Sangramaya net-metering and ADB-backed financing.

Ownership category

akta.pro rank

Product category

Solar Energy Installation Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

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

akta.pro secondary industries

Solar Grid Integration & Interconnection Services (Studies, Protection, SCADA, Forecasting) (EUAMABAI), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Solar power systems
• Residential solar solutions
• Industrial solar installations
• On-grid solar
• Net metering schemes

Headquarters

HQ city

Nugegoda

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Solar Power System Sales and Installation: One-time sale and installation of solar power systems for domestic and industrial clients, including equipment, design, approval coordination, and commissioning
2. Net Accounting Scheme: Revenue from selling excess electricity generated by solar systems back to the national grid under the Sooryabala Sangramaya government program, providing income stream over 20 years
3. Professional Services: Consultation, site visits, system design, approval facilitation, and after-sales service included as value-added services

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Panda Solar sells, designs, and installs on-grid and off-grid solar power systems for residential and industrial customers in Sri Lanka. The company provides end-to-end service from free site visits and consultation through system design, CEB/LECO approval coordination, professional installation, grid synchronization, and commissioning, with ongoing monitoring via third-party portals (Omnik and SMA). Customers can participate in the government Sooryabala Sangramaya Net Accounting Scheme to sell excess electricity back to the grid for 20 years.

Product overview

Panda Solar Works International (Pvt) Ltd is a solar power company in Sri Lanka offering two core product lines: Domestic Solar Solutions (residential solar systems) and Industrial Solar Solutions (commercial/industrial solar systems). Both product lines are available as On-Grid or Off-Grid configurations and can be tied to the government's Net Accounting Scheme (Sooryabala Sangramaya), providing income through excess electricity sales. The company also provides end-to-end services including free site consultation, system design, approval coordination with CEB/LECO, installation, and commissioning, along with monitoring through third-party portals (Omnik and SMA).

Differentiator

Problem solved

Functional benefit

Products and services

• Domestic Solar Solutions Residential rooftop solar power systems designed to provide homeowners with energy independence, eliminate or significantly reduce monthly electricity bills, and deliver return on investment in less than 5 years. Systems can be connected to the national grid through CEB or LECO commissioning and may participate in the government Net Accounting Scheme for selling excess electricity.
• Industrial Solar Solutions Commercial and industrial solar power systems designed to reduce electricity costs, improve profitability, and provide energy independence for businesses. Offered at competitive pricing with the best ROI, with qualified technical staff support and after-sales service to address any technical issues quickly.
• On-Grid Solar Solutions Solar power systems synchronized with the national electricity grid, allowing excess power generated by the system to be sold back to the grid through the government's Net Accounting Scheme (Sooryabala Sangramaya). Commissioned by CEB or LECO.
• Off-Grid Solar Solutions Standalone solar power systems not connected to the national grid, suitable for remote locations or for customers seeking complete energy independence from grid electricity.

Quantifiable outcome

• Investment recovery typically in less than 5 years
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Government of Sri Lanka - Sooryabala Sangramaya ProgramflagshipStrategic or Co-development PartnerActive partner in the government program to power Sri Lanka with solar energy up to 50% by 2025. The program guarantees electricity bill offset or purchase of excess solar electricity at fair prices for 20 years.
• CEB (Ceylon Electricity Board)coreStrategic or Co-development PartnerNational grid operator that commissions solar system installations and facilitates grid synchronization
• LECO (Lanka Electricity Company)coreStrategic or Co-development PartnerRegional electricity provider that commissions solar systems and facilitates grid connections

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Sun King (Greenlight Planet): Pay-as-you-go solar provider serving off-grid households across South Asia and Africa. Comparable in mission (energy access) and emerging-market residential solar focus, though with off-grid pay-as-you-go financing model rather than grid-tied EPC.

Broad incumbents

• Tata Power Solar Systems: One of India's largest solar EPCs and module manufacturers, with rooftop solar offerings for residential and industrial customers. Comparable business model and product category, though operating at vastly larger scale with broader geographic reach.

Direct peers

• WindForce PLC: Sri Lankan renewable energy developer (wind and solar) listed on the Colombo Stock Exchange. Comparable as a domestic renewable EPC serving national grid under government offtake frameworks, though larger and broader in scope.
• Resus Energy: Sri Lankan solar EPC focused on residential and commercial rooftop systems with grid synchronization via CEB/LECO. Closely comparable offering, target market, and regulatory exposure to Panda Solar.
• Joule Energy (Sri Lanka): Sri Lankan solar solutions provider offering on-grid and off-grid residential and commercial installations. Directly comparable in product offering, geographic market, and customer segment to Panda Solar.
• Hayleys Solar: One of Sri Lanka's largest solar EPC providers, part of the Hayleys conglomerate. Directly comparable as a Sri Lanka-based on-grid/off-grid solar installer serving residential, commercial, and industrial customers under the same Sooryabala Sangramaya program.

Emerging players

• Loom Solar: India-based residential solar panel and installation company selling direct to homeowners. Comparable in residential rooftop focus and D2C sales motion, but with proprietary panel manufacturing rather than distribution.
• Fourth Partner Energy: India-focused commercial and industrial solar EPC with distributed generation expertise. Comparable in rooftop/C&I solar focus and customer-financing models, though primarily serving the Indian market.

Others

• Trina Solar: Global Tier-1 solar module manufacturer that supplies panels to installers including Panda Solar (via partners like Leapton/Jinko equivalents). Comparable as an industry upstream, not a direct sales competitor.
• Waaree Energies:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/PandaSolarWorks
• Xx.com/PandaSolarWork1
• LinkedInlinkedin.com/company/panda-solar-wk

Revenue estimate

Valuation estimate

Number of profiles

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 Panda Solar