Control Acquisition of a 50 MW Dispatchable Solar + Battery Energy Platform in Sri Lanka

This investment offers a rare opportunity to acquire 100% ownership of a fully permitted, utility-scale dispatchable solar + battery energy storage (BESS) platform comprising five 10 MW ground-mounted solar PV plants (total 50 MW) in Siyambalanduwa, Monaragala District. The projects sit on 172 acres under a 30-year long-term lease, with all five special purpose companies incorporated, provisional approvals from SLSEA, grid interconnection LOIs from the Ceylon Electricity Board, and a new 132 kV transmission line to the area under construction, significantly de-risking execution. The projects are structured to benefit from the upcoming 20-year tariff of LKR 37.00/kWh, enhanced by battery storage to enable dispatchable, round-the-clock power. The deal size is LKR 600 million for 100% equity, payable in tranches linked to key milestones (SPA signing, energy permit issuance, and SPPA execution), offering investors full control of a scalable, ESG-aligned renewable energy platform with long-term contracted cash flows and strong strategic value in Sri Lanka’s energy transition