WindForce plans Rs. 4bn green bond issue to fund expansion

WindForce PLC is planning to tap the debt market with a green bond issue of up to Rs. 4 billion, as the renewable energy firm looks to diversify funding sources and support its growth pipeline.

The company said its Board of Directors has approved the issuance of up to 40 million listed, rated, senior, unsecured and redeemable green bonds, subject to obtaining all required regulatory and other approvals. The proposed issuance signals a continued shift by corporates towards sustainable financing instruments, amid rising investor appetite for environmentally aligned investments and tightening funding conditions in conventional credit markets.

While the company has yet to disclose the tenure, coupon structure and other key terms of the offering, these details are expected to be announced in due course. The bonds will be listed, providing liquidity to investors, and carry a credit rating, offering an additional layer of transparency on risk. The move positions WindForce among a growing pool of Sri Lankan issuers turning to green-labelled instruments to finance renewable energy and environmentally sustainable projects, in line with broader global and domestic climate financing trends.