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The Sagasolar Power Station is a solar photovoltaic power station built next to the Hambantota Solar Power Station, in Hambantota, Sri Lanka. The solar farm is owned and developed by Sagasolar, a joint venture between LOLC Group and Faber Capital Limited, with 70% debt funded by DFCC Bank, Commercial Bank of Ceylon, and Hatton National Bank. The 10-megawatt facility is expected to generate approximately 19GWh annually for at least 25 years.[1]
48,000 solar panels manufactured by Solon International are utilized in the solar farm, which extends 45acres, within a zone declared for solar power developments by the Sri Lanka Sustainable Energy Authority.[2]