WindForce clinches Silver at CA Sri Lanka’s prestigious TAGS Awards 2022

WindForce PLC, Sri Lanka’s largest independent renewable energy company, was crowned the Silver winner under the ‘Power and Energy Sector’ category at the coveted TAGS Awards 2022, organized by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

This year’s TAGS Awards marked the 57th edition of the competition, which honours multinationals, conglomerates, SMEs, NGOs and NPOs, for upholding CA Sri Lanka’s core principles – transparency, accountability, governance and sustainability – in both financial and non-financial reporting aspects.

WindForce was recognised for its insightful Annual Report which covers 6 capitals under the integrated reporting framework and follows a modular system of interconnected standards under the Global Reporting Initiative (GRI). The report also adhered to the United Nations Sustainable Development Goals when outlining the company’s sustainability, and environmental, social and governance practices.

Commenting on this achievement, Manjula Perera – Managing Director at WindForce said, “It is an absolute honor to be recognized by the TAGS Awards for our second published Annual Report. This milestone is a testament of our efforts as a responsible corporate citizen and we’re happy to support CA Sri Lanka to promote credible corporate reporting to provide key information that will enable investors to learn in-depth about a company’s operations and performance and make informed decisions.”

As a pioneer in wind power generation in Sri Lanka and one of the first local players in solar power generation, WindForce has continued to invest in viable, eco-friendly, and state-of-the-art renewable energy power plants across the country and has moved its operations to Pakistan, Uganda and Ukraine. WindForce recently unveiled its 29th plant, Solar Universe, which is also the first Agrovoltaic plant in Sri Lanka, and the company is currently in the process of building a 15MW wind power plant in Mannar.

Spearheading the growth of renewable energy in Sri Lanka, WindForce has also diversified into the Electric Vehicles (EV) industry by establishing two new subsidiaries. Satva Automotive Ltd. and Bluesky EV Ltd. were set up to explore opportunities in the local EV space and engage in EV conversions, respectively.

“At WindForce, we are committed to our mission to become the largest contributor to Sri Lanka’s renewable energy, and we look forward to expanding our footprint in the global market with our cutting-edge green technology,” added Perera.