WindForce acquires 51% of Safe Power International

Thursday, 9 October 2025 05:42 - - {{hitsCtrl.values.hits}}

To develop Rs. 4.2 b Puttalam 10MW wind power project via 75:25 debt-to-equity mix

WindForce PLC yesterday said that it has acquired a 51% equity stake in Safe Power International Ltd., to develop a Rs. 4.2 billion 10-megawatt wind power project in Alankuda, Puttalam.

The remaining 49% of Safe Power International will be held by Arinma Power Ltd., with a shareholder agreement between the two parties signed on 3 October.

The project, estimated to cost Rs. 4.2 billion, will be financed through a 75:25 debt-to-equity mix. WindForce said the investment is in line with its long-term strategy of expanding its renewable energy portfolio and will support the company’s earnings growth and sustainability targets.

WindForce, listed on the Colombo Stock Exchange, is an independent power producer with a diversified portfolio of wind, solar, and hydropower projects both locally and overseas.