Sri Lanka-based renewable energy developer WindForce has secured a letter of award from the Ceylon Electricity Board (CEB) to set up 12 standalone battery energy storage system (BESS) projects with a cumulative capacity of 120 MW/480 MWh under a build, own, and operate model.
Sri Lanka-based energy firm WindForce plc has emerged as the winner in a competitive round for the installation of 12 standalone battery facilities that will add 120 MW/480 MWh of storage capacity.
Energy storage equipment plays a pivotal role in modern power systems, but does it qualify as "special equipment"? This article explores regulatory definitions, industry applications, and emerging innovations to answer this critical question.
The key change introduces “renewable energy storage facilities” (with a minimum capacity of 1 MWh) as an eligible sector under the bonded warehouse facility. This facility provides exemptions from selected duties and taxes on approved capital goods during the construction period.
With more than 2,600 MW of new renewable capacity planned—dominated by solar and wind—and a strong push on storage and grid stabilisation, the strategy signals intent.