Power & Energy Archives - Lanka Business News

November 18, 2024

WindForce PLC, Sri Lanka’s premier renewable energy developer, delivered exceptional results for the second quarter of the 2024/25 fiscal year, driven by a strategic focus on large-scale projects. EBITDA surged by 49% to LKR 4.22 billion compared to the previous year, reflecting robust cost management and a commitment to high-impact initiatives. As part […]

November 11, 2024

Dr. Naresh Bana The Adani Group’s wind power project in Mannar, Sri Lanka, has a planned capacity of 250 megawatts (MW). This project is part of a broader investment in renewable energy by Adani group in Sri Lanka, with expected completion by 2025. This initiative aims to support Sri Lanka’s renewable energy goals and create […]

August 16, 2024

Hayleys Solar, the renewable energy arm of Hayleys Fentons, is proud to mark a critical milestone in Sri Lanka’s transition to sustainable manufacturing. Through its partnership with Dipped Products PLC (DPL), a global leader in protective handwear, Hayleys Solar has equipped DPL’s four manufacturing facilities in the country with a total solar capacity of 3.66MWp. […]

August 15, 2024

WindForce PLC, Sri Lanka’s leader in the renewable energy sector, has announced an outstanding financial performance for the first quarter of the 2024/25 fiscal year. The company reported a robust 87% surge in EBITDA reaching LKR 1.95 billion, a significant leap from LKR 1 billion in the same period last year. This remarkable growth highlights […]

June 10, 2024

Unilever Sri Lanka recently inaugurated a new 2.33 MW solar power project at its Horana factory, partnering with Abans Electricals PLC for project execution. This significant step forward in Unilever’s commitment to sustainability and renewable energy represents a total investment of 1.3 million Euros. The project aligns with Unilever’s Global Climate Transition Action Plan (CTAP) […]

June 10, 2024

Adani’s wind power tariff of 24.78 LKR per unit is the lowest in the country, cheaper than the CEB’s 100 MW Wind power plant at Thambapavani and significantly lower than oil-based power at 80 LKR per unit. By replacing higher-cost, import-dependent fossil fuel power, Adani’s project will save Sri Lanka over US$ 270 million annually […]

March 14, 2024

In a step towards achieving its renewable energy targets, the Ministry of Power and Energy is set to host a significant event—the signing of a Power Purchase Agreement (PPA) for the project Apollo between Ceylon Energy Pte Ltd and the Ceylon Electricity Board. This agreement signals the beginning of a transformative project, the construction of […]

March 11, 2024

Minister of Power and Energy commends contribution to achieving National goal of 70% Renewable Energy by 2030 Backbay Solar (private) Limited commissioned 2-megawatt ground-mounted solar power plants in Kommathurai Batticaloa on Sunday 10th March 2024, which are a part of the 1X90 SBS II solar tender under the Ceylon Electricity Board. Backbay Solar is managed […]

March 11, 2024

In an ambitious drive towards supporting sustainable development, E B Creasy Solar has once again demonstrated its commitment to environmental stewardship and technological innovation. Accordingly, the company recently completed a landmark project in the Nikaveratiya area, in partnership with the United Nations Development Programme (UNDP), utilizing cutting-edge German Lorentz solar-powered water pumps. This project is […]

March 11, 2024

“Soorya Sathkara” An Initiative Empowering 200 Care Homes Hayleys Solar, the premier renewable energy arm of Hayleys Fentons, a subsidiary of the country’s leading conglomerate Hayleys Group, proudly announces a significant milestone of achieving a staggering 200MWp rooftop solar PV capacity in Sri Lanka. This remarkable accomplishment stands as the largest of its kind carried […]

WindForce Powers Ahead: Strong Growth and Strategic Focus in Q2 2024/25

Preserve the Investment Climate: Case of Adani’s Mannar Wind Power Project

Hayleys Solar Powers Dipped Products PLC’s Sustainability Journey Across 4 Sites

WindForce Soars to New Heights: Stellar Quarterly Performance

Unilever Sri Lanka Inaugurates Solar Power Project at Horana Factory, Contributing to National Renewable Energy Goals and Global Sustainability Commitments

Adani Wind Power Project – Sri Lanka’s lowest power tariff to benefit citizens

Sri Lanka moves closer to renewable energy goals with ‘Project Apollo’

Backbay Solar, a subsidiary of Sino Lanka and Orbital Energy commissions 2-megawatt capacity solar plants in the Eastern Province

E B Creasy Solar Completes Pioneering Solar-Powered Irrigation Project in Nikaveratiya

Sri Lanka’s True Leader in Solar Power Hits 200 MWp and Launches the biggest CSR of the year