Sri Lanka’s WindForce submit winning bids for 28MW battery storage projects

Sri Lanka
By Editor_1

COLOMBO – Six project companies of renewable energy firm WindForce PLC have submitted winning bids to develop 28 megawatts (MW) and 144 megawatt-hours (MWh) of battery energy storage systems (BESS), the company said in a regulatory filing.

The estimated equity investment for WindForce across these energy storage projects is approximately 944 million rupees.

The bids were placed under a tender for the establishment of 150 MW / 600 MWh Battery Energy Storage Systems integrated with existing ground-mounted solar power plants. The projects will be built on a Build, Own, and Operate (BOO) model for a 15-year operational period.

“While the formal award of the projects is still pending, the Board of Directors considers this development to be price-sensitive information, given its relevance to the Company’s future operations, potential project portfolio expansion and long-term financial outlook,” WindForce said.

The company confirmed that the bid prices submitted by its project firms fell within the winning bid threshold.

The six participating units include Diya Janani (Pvt) Ltd, in which WindForce holds a 100% stake with a project capacity of 3.75 MW / 18.75 MWh; Kebitigollewa Solar Power (Pvt) Ltd, where it holds 88.50% (4.90 MW / 25.00 MWh); and Vydexa (Pvt) Ltd, in which it owns 76.13% (4.90 MW / 25.00 MWh).

The remaining capacity belongs to Solar Universe (Pvt) Ltd, Sooryashakthi (Pvt) Ltd, and Solar One Ceylon (Pvt) Ltd, each 50% owned by WindForce and each holding 4.90 MW / 25.00 MWh. Together, the projects total 28.25 MW and 143.75 MWh.

“This announcement contains forward-looking statements based on the current bidding outcome. These are subject to the final awarding process, regulatory approvals and execution of the relevant agreements,” the company said.

WindForce stated that it will make further disclosures to the market once formal contract awards are received, relevant agreements are signed, or any other material developments occur.

-economynext.com

Editor_1
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