The International Finance Corporation (IFC) has partnered with WindForce PLC to develop Sri Lanka’s first large-scale 100MW solar power facility, marking a transformative step in the nation’s renewable energy journey.
The project is expected to generate approximately 220 gigawatt-hours of clean electricity annually, supporting the country’s ambition to achieve 50–70% renewable energy in its power mix by 2030. It will also enhance grid reliability, reduce electricity costs, and create over 3,000 jobs across skilled and semi-skilled categories.
IFC will invest up to $18 million through a local currency loan, backed by the IDA Private Sector Window, to finance the project and related infrastructure. In addition to funding, IFC will provide advisory support covering engineering, sustainability, grid resilience, and cybersecurity—strengthening operational capabilities within the sector.
WindForce Managing Director Manjula Perera described the initiative as a defining milestone, reinforcing the company’s long-term commitment to sustainable energy. Meanwhile, World Bank Country Manager Gevorg Sargsyan highlighted the project’s role in enhancing energy security, competitiveness, and economic recovery.
Aligned with the World Bank Group’s broader strategy, the initiative is set to reduce reliance on imported fuel while accelerating Sri Lanka’s transition towards a resilient, low-cost energy future.
