BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Business & Finance

Demand for solar modules rise as Pakistan moves towards renewable energy

  • Pakistan had a total power generation capacity of 38,719MW as of 30 June 2020, solar PV accounts for 530MW, holding a share of 1.36% of total power generation capacity in the country.
Published March 23, 2021 Updated March 23, 2021 01:15pm

As Pakistan moves towards renewable energy production, the demand for solar modules has increased dramatically.

China-based LONGi Solar, a world-leading manufacturer of high-efficiency mono-crystalline solar cells and modules has confirmed solar module sales to Pakistan for 2021 have reached 500MWp, the majority of which are for its Hi-MO 5 series modules, which account for 422MWp of the total (84.4%).

The company informed in a statement that it has secured a number of notable clients and projects in the country, including an order from Reon Energy for Pakistan’s largest commercial solar project to date at 70MWp. This project will use Hi-MO 5 540/545Wp modules and will be completed in four clusters, with an estimated commercial operation date in Q3 2021.

Other notable LONGi clients in the country include the Four Brothers Group, which has signed a 68MWp distribution agreement for orders to be completed in Q2 and Q3 2021, NMC Group, and numerous other developers and installers of megawatt-level commercial projects in Pakistan. Many of these developers will be using the Hi-MO 5 series of modules.

“As Pakistan is prioritizing its energy generation methods and enhancing capacity to produce clean energy in order to meet growing demand without degrading the environment, energy project cooperation is playing a pivotal role,” stated Dennis She, Senior Vice President at LONGi Solar.

Pakistan had a total power generation capacity of 38,719MW as of 30 June 2020, solar PV accounts for 530MW, holding a share of 1.36% of total power generation capacity in the country.

President Arif Alvi made a statement at UN’s Climate Ambition Summit 2020, claiming that Pakistan will cease to develop any new coal-fired power plant. Renewable energy will be the main source to fulfill the country’s commitment in CO2 reduction, boosting its share in total generation from 4% to 30% by 2030.

Comments

Comments are closed for this article.