[vc_row][vc_column][vc_column_text]In recent years, the cost of electricity has been steadily climbing, impacting businesses. This trend isn’t unique to one region or country; it’s a global concern that prompts us to rethink our energy consumption and seek sustainable alternatives.

In Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved yet another increase in electricity rates, slated to take effect from the fiscal year 2024-2025. This decision underscores the urgency for businesses to explore alternative energy sources, such as solar power.

Understanding the Electricity Price Hike

The decision by NEPRA to raise electricity prices reflects various factors, including rising fuel costs, maintenance expenses for power infrastructure, and the need for investments in the energy sector. For businesses, this translates into higher monthly bills, adding to the financial burden already faced by many.

Embracing Solar Solutions with Shams Power Pakistan

Amidst these challenges, solar power emerges as a viable and sustainable solution. Shams Power, a leading provider of solar energy solutions in Pakistan, offers a compelling alternative to traditional grid electricity. Here’s why adopting solar with Shams Power Pakistan makes sense:

1. Cost Efficiency and Long-term Savings

By investing in solar panels, consumers can produce their own electricity, greatly decreasing their dependence on the power grid. While the initial setup cost may seem daunting, it pays off in the long run through reduced monthly bills and potential savings over the lifespan of the solar system, which can be 20 years or more.

2. Environmental Benefits

Solar energy is a clean and renewable resource, in contrast to fossil fuels, which cause pollution and contribute to climate change. By switching to solar power, individuals and businesses contribute to reducing carbon footprints and promoting a cleaner environment for future generations.

3. Energy Independence

With solar panels installed, consumers gain a measure of energy independence. They become less susceptible to fluctuations in electricity prices and power outages, ensuring a more reliable energy supply for their homes or businesses.

4. Government Incentives

Governments often provide incentives and subsidies to encourage the adoption of renewable energy sources like solar power. These can include tax credits, rebates, and favourable financing options, making solar installations more affordable and attractive.

5. Supporting Economic Growth

Investing in solar power also supports local economies by fostering innovation in clean energy technologies. It contributes to a more resilient and diversified energy infrastructure for the country.

Taking the First Step

Transitioning to solar power with us begins with a consultation to assess energy needs and customise a solar solution that fits your requirements. If you are a business aiming for sustainable operations, Shams Power offers expertise in designing, installing, and maintaining solar systems tailored to your specific needs.

Conclusion

As electricity prices continue to rise, businesses must prioritise adopting sustainable energy solutions. Solar power stands out as a reliable, cost-effective, and environmentally friendly alternative to traditional grid electricity.

Embracing solar with Shams Power Pakistan not only benefits businesses but also contributes to a greener, more sustainable future for Pakistan and beyond. Join the solar revolution today and make a positive impact on your energy consumption and the planet.

For more information on how Shams Power Pakistan can help you harness solar energy, visit our website or contact our experts on  (+92) 0341 7426777 or sales@shams-power.com to start your solar journey.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]In many regions around the globe, the weather transitions through the four seasons—spring, summer, autumn, and winter—like clockwork. Among these seasonal shifts, the summer solstice stands out as a significant astronomical event. Occurring twice a year, the summer solstice marks the moments when the Sun’s path in the sky reaches its northernmost point in the Northern Hemisphere (around June 20 or 21) and its southernmost point in the Southern Hemisphere (around December 21 or 22).

The term “solstice” originates from the Latin words meaning “sun standing still,” aptly describing how the Sun appears to pause at its highest position in the sky at midday on this day. During the summer solstice, the Sun traces its longest journey across the sky, resulting in the year’s longest day and shortest night. In the Northern Hemisphere, this happens when the North Pole tilts approximately 23.4° towards the Sun, aligning the vertical noon rays directly over the Tropic of Cancer (23°27´ N). Six months later, this alignment shifts to the Southern Hemisphere, with the South Pole tilted towards the Sun by the same degree.

This means that on the June solstice, the Northern Hemisphere will have the longest day and shortest night of the year.

This phenomenon has been observed since ancient times and may be one of the earliest astronomical observations in human prehistory. Knowing the yearly cycle of the seasons was vital to the survival of ancient people, and is considered a key date on the calendar.

How does it benefit Shams?

The summer solstice, marking the year’s longest day, offers us a prime opportunity to maximise energy production and demonstrate the advantages of solar technology. With longer daylight hours, solar panels can absorb more sunlight, resulting in higher energy output and efficiency. This period not only enhances the performance of existing solar installations but also provides an ideal moment for companies to promote the adoption of solar energy. By highlighting peak solar generation during the solstice, we can educate businesses on the reliability and sustainability of solar power, encouraging more businesses to invest in renewable energy solutions. The increased visibility of solar power’s effectiveness during this time can drive growth and innovation in the solar industry, contributing to a greener future.

About Shams Power

Shams Power stands as Pakistan’s leading developer of solar power for Commercial & Industrial (C&I) sectors. By investing in and establishing solar projects at C&I sites, we enable immediate savings on grid electricity costs through clean solar energy at reduced rates. Our model eliminates any capital expenditure (CAPEX), operations and maintenance costs, and equipment risk for our customers. At the end of the agreement, the equipment is transferred to the customer, providing them with free electricity for the remaining lifespan of the equipment. Our esteemed clients include prominent names such as Coca Cola, Mondelez, Metro Cash & Carry, Packages Group, Nishat Group, AkzoNobel Pakistan, Dandot Cement, Shifa International Hospital, and Maxim International, among others.

Companies partnered with Shams Power

Metro Cash and Carry Pakistan

Metro Cash and Carry Pakistan has embraced sustainable solar solutions by partnering with Shams Power to install a 5MW rooftop solar capacity. This initiative aims not only to reduce costs but also to contribute to environmental preservation over time, helping Metro achieve their sustainable development goals and setting a benchmark for corporate responsibility in the region.

Mondelez

Mondelez has taken a significant step towards sustainability with the installation of a rooftop solar power system at their Hub location. This cutting-edge installation boasts a total capacity of 500 kWh, seamlessly integrated into the existing power infrastructure through a grid-tied setup. By harnessing solar energy, Mondelez not only reduces its carbon footprint but also showcases its commitment to renewable energy solutions. This initiative not only underscores Mondelez’s dedication to environmental responsibility but also sets a benchmark for corporate sustainability efforts in the industry.

Brighto Paints

Brighto Paints has made a commendable move towards environmental sustainability with the installation of a substantial rooftop solar power system at their facility in Lahore, Pakistan. This impressive installation, with a total capacity of 750 kW, is efficiently integrated into the local power grid through a grid-tied configuration. By adopting solar energy, Brighto Paints significantly reduces its reliance on conventional energy sources, thereby lowering its carbon footprint. This initiative reflects Brighto Paints’ proactive approach to embracing renewable energy, highlighting their commitment to eco-friendly practices and setting a positive example for the industry in Pakistan.

Shams Power: Leading Solar Energy Provider

Over the past half-decade, we have successfully operated over 30 MW of distributed solar projects for numerous esteemed corporations across Pakistan. By efficiently utilizing rooftop, carport, and ground areas, we serve a diverse range of industries including retail, wholesale, food processing, education, automobile, healthcare, and manufacturing.

We offer comprehensive solar solutions, specializing in rooftop solar power plants for buildings, car parks, and open spaces within premises, following a Build Own Operate Transfer (BOOT) model. As an end-to-end solution provider, we manage every aspect of the project—from design and engineering to procurement, construction, monitoring, and maintenance.

If you’re looking for a solar energy provider in Pakistan, we’re here to help. Contact us at (+92) 301 4246111 or email us at sales@shams-power.com for any inquiries or additional information.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]

Shams Power and Packages Mall are proud to announce a groundbreaking partnership that significantly expands Packages Mall’s solar energy production capacity. This collaboration will see Packages Mall add an additional 1.1MW system to its existing 1.9MW installation, creating a monumental 3MW solar powerhouse at their premises in Lahore.

This expansion marks a giant leap forward in Pakistan’s renewable energy landscape. The 3 MW solar plant is expected to generate an estimated 4 million units of clean energy annually, contributing significantly to a greener future. Additionally, this project will translate to a remarkable reduction of 2,000 tons of CO2 emissions each year, making a real difference in combating climate change.

Omar Malik, CEO of Shams Power, hailed the expanded partnership, commending Packages Mall and Packages Group’s leadership and unwavering commitment to sustainable solutions. “We are thrilled to strengthen our collaboration with Packages Group,” Malik stated. “This is a prime example of how businesses can work together to embrace alternative energy and create a positive impact on both their operations and the environment.”

Packages Limited, through this initiative, further solidifies its position as a sustainability champion. By expanding its use of renewable energy, the company demonstrates its dedication to reducing its carbon footprint and paving the way for a more sustainable future for Pakistan.

 [/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Mondelez Pakistan has partnered with Shams Power to solarize its confectionary and powdered beverages plants and to take the installed capacity to around 2.2 MW of Solar on both sites. This initiative aims to enhance sustainability and reduce carbon emissions.

Shams Power will install the equipment, manage the operation and maintenance of the solar systems throughout the agreement, and transfer the equipment to Mondelez Pakistan upon the term’s completion.

This project is expected to contribute approximately 3.3 million units of clean energy annually to Mondelez’s electricity mix, offsetting around 1,500 tons of carbon emissions each year. This reduction in emissions is equivalent to the annual electricity consumption of approximately 1,000 households.

Sami Wahid, Managing Director, Mondelez Pakistan, stated: “ESG and environment initiatives are at the top of our priorities. We take pride in the fact that happiness is at the core of all our products, and we wish to extend that spirit into all our operations. We stand strong with a happier healthier planet and will ensure all steps necessary towards building a progressive community inside and around Mondelez.”

 

Omar Malik, CEO, Shams Power, spoke on the value addition of alternate energy to any business operations. He was especially elated to have partnered with Mondelez, and commented: “We at Shams Power are excited to extend our partnership with Mondelez Pakistan and are thankful to their leadership and management team for their vision, and commitment towards green energy, contributing in a positive way to mitigating climate change We look forward to expanding this relationship and exploring additional sustainability initiatives together.”

Mondelez, through this collaboration with Shams Power, is set to further reduce its carbon footprint, lower energy costs, and promote sustainability.

By using renewable energy sources, the company aims to support environmental conservation and align with global efforts to combat climate change. This initiative also reflects Mondelez’s commitment to corporate social responsibility and sustainable business practices.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]High energy prices and levies are becoming strong drivers for commercial and industrial (C&I) solar projects in Pakistan. Omar Malik, the CEO of Pakistani C&I solar developer Shams Power, speaks with pv magazine about market trends and challenges.

C&I power consumers are increasingly deploying solar arrays in Pakistan due to high energy prices and tariffs.

“The average industrial consumers currently pay a tariff of $0.12/kWh,” Omar Malik, the CEO of Pakistani solar developer Shams Power, told pv magazine. “But this is only half the story, as they also have to pay another $0.10 in taxes on every kilowatt-hour they purchase from the grid. The government relies on five to six sectors for the bulk of its indirect tax collection, with electricity being one of the largest ones.”

High-self consumption rates mean lower electricity costs and lower taxes. Under the nation’s current regulations, the sale of excess power to the grid under net metering is only allowed for generators up to 1 MW in size.

The government also only exempts import duties on solar panels. “The exemption on solar inverters has been recently removed,” Malik said. “But this has not had consequences on the market development.”

Pakistan’s National Electric Power Regulatory Authority (NEPRA) issued 1,596 net-metering licenses across the country with a cumulative capacity of 221.05 MW in the 2022-23 fiscal year, according to official statistics from the Associated Press of Pakistan.

Malik said the market is also growing in terms of panel imports.

“In 2022, 2.8 GW of solar panels were imported into Pakistan. In 2023, about 5 GW, despite the import controls, and this year the prediction is for up to 12 GW,” he stated.

Financing concerns

One of the main hurdles to address in Pakistan’s C&I segment is access to financing.

“Banks and lenders in Pakistan keep considering solar assets as very fast depreciating assets,” Malik explained, noting that the volatility of the Pakistani rupee is still an issue compared to India, where access to financing is easier. “The Indian currency is stable enough for international investors.”

Despite these challenges, Shams Power was able to raise $20 million debt from local banks backed by a guarantee from an international credit enhancer, GuarantCo.

“In order to achieve this, we have to bring the bank in at the project finance stage,” Malik explained. “Or we can even do this after a year or two of operation, when we have some defined cash flows and we can show how these assets are performing and get the portfolio refinanced.”

Many Pakistani companies that export denim and textiles to the US and European markets face pressure from their buyers to support their supply chains with clean energy.

“In effect, there is some pressure to move toward renewables, but it is not coming from the government,” said Malik.

Storage segment

The C&I segment does not yet offer a big business case for battery storage.

“Batteries are still not economically viable when it comes to grid parity owing to high duties and taxes on import of batteries and storage technologies,” Irteza Ubaid, chief operating officer for Shams Power, told pv magazine. “With the current electricity price scheme in place, you can only generate profits when there is a power outage. Or when peak rates hit, you can start using batteries. However, the levelized cost of storage of C&I tier-1 batteries today, however, is still close to $0.35/kWh. We are still not able to give an economic benefit to clients to set up storage because they can buy grid power at less than $0.30, they’re really not interested – unless they have a continuous production process and cannot afford any interruptions.”

Shams Power is currently building 5 MWh of storage projects in Pakistan.

“We have been educating our clients and convincing them about not just looking at the per kWh cost, but also looking at additional benefits like the quality of power and environmental benefits,” Ubaid said.

Import duties are still being imposed on batteries, which means upfront costs remain higher than in other, more mature renewable energy markets.

Shams Power has a track record of deploying more than 40 MW of C&I solar for major clients such as Coca-Cola, Mondelez, AkzoNobel, Metro, Packages, Shifa Hospital, Hyundai, and Sanofi. It has a pipeline of more than 200 MW with large multinationals and local businesses across Pakistan.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Pakistan possesses abundant renewable energy resources, poised to catalyse a transformative shift in its energy sector. With vast potential in wind, solar, and biomass, the nation stands at the brink of substantial progress. These renewable sources not only offer a solution to the energy crisis but also pave the way for sustainable development, particularly in commercial and industrial sectors.

Solar energy is a clean and sustainable energy source that emits no greenhouse gases or air pollutants during the generation of power. Adopting solar energy can assist Pakistan in reducing its carbon footprint and combating air pollution, which is a major concern in many of its cities.

The cost of solar technology has steadily decreased internationally, making renewable energy sources more economically viable. Pakistan can capitalise on this trend by investing in solar systems and lowering overall electricity production costs to provide energy to the country.

Why is it ideal for Pakistan to invest in Solar Power

Pakistan’s geographic location is a plus point for solar technology. The country is located at latitudes 23°35′ to 37°05′ N and longitudes 60°50′ to 77°50′ E, an aerial belt that receives a large amount of daylight which can produce around 95% energy during daylight hours (8 to 8.5 hours per day). We also have 185 to 290 sunny days per year.

Receiving all this sunlight all year round, Pakistan has 2.9 million MW of solar power potential, making it a viable source of energy to tap for producing power.

Harnessing solar energy lessens Pakistan’s reliance on imported fossil fuels, which are expensive and volatile on the international market. This improves the country’s energy security by minimising disruptions in the energy supply.

Pakistan’s Solar Energy Market is estimated to increase at a compound annual growth rate (CAGR) of 49.68% from 1.30 gigatonnes in 2023 to 9.77 gigatonnes in 2028.

The Pakistani government has set a few goals such as obtaining 30% of the country’s power from renewable sources by 2030. To fulfil these goals, the government is aiming to build solar-generating facilities across the country through the Alternative Energy Development Board.

Some of Shams successful installations

Shifa International Hospital

Shifa International Hospital has implemented a significant renewable energy initiative by installing rooftop and parking solar panels. With a total capacity of 1 MW, this solar system is seamlessly integrated into the grid, operating as a grid-tied setup.

Tripack Films Ltd

Tripack Films Ltd has undertaken a significant step towards sustainable energy by installing both rooftop and ground-mounted solar panels. With a combined total capacity of 5 MW, this solar installation is seamlessly integrated into the grid, operating as a grid-tied system.

Packages Mall

With a robust total capacity of 3 MW, this solar endeavour seamlessly integrates into the grid, operating as a grid-tied system.

Nishant Hyundai

Nishat Hyundai is pioneering a sustainable energy revolution through its rooftop solar installation. With an impressive total capacity of 2.5 MW, this solar array seamlessly integrates with the grid, operating in a grid-tied configuration.

Initiatives and collaborations taken by Pakistan’s Government

The Pakistan government has given the green light to the National Solar Energy Initiative, aiming to generate 10,000 megawatts (MW) of electricity through solar projects. This initiative targets cutting down the import costs of diesel and furnace oil. It seeks to transition government buildings and tube wells to solar power, while also partially replacing power plants running on diesel, coal, and furnace oil. Notably, Pakistan’s President House has already shifted to green energy, promoting renewable energy adoption since 2021.

Furthermore, within the framework of the China Pakistan Economic Corridor (CPEC), considerable investments are earmarked to promote clean energy sources, including various renewable energy projects. Among these endeavours is a significant 1,000MW solar project.

The Quaid-e-Azam solar park represents a pivotal collaboration between the Pakistani government and foreign partners, notably China, resulting in the establishment of a 100MW solar capacity in Bahawalpur City.

Moreover, the Japan International Cooperation Agency (JICA) has played a crucial role in constructing a 365W solar facility, amplifying interest and investment in solar energy initiatives. Consequently, the Alternative Energy Development Board (AEDB) has extended letters of intent to twenty-eight enterprises, totaling a capacity of 956.52 MW, further bolstering Pakistan’s solar energy landscape.

Such initiatives have spurred numerous solar energy firms in Pakistan to actively

address the disparities between energy supply and demand  in the commercial and industrial sectors (C&I). Solar infrastructure such as rooftop installations, carports, and ground-mounted systems are further enabling diverse installation opportunities for enterprises of all kinds.

Shams Power: Leading Solar Energy Provider

In its journey spanning over half a decade, Shams Power takes pride in successfully operating 30+ MW of distributed solar projects for many renowned corporations of Pakistan, efficiently utilising their rooftop, carport, and ground areas. As part of our growing client portfolio, we effectively serve large Retail, Wholesale, Food Processing, Educational, Automobile, Hospital, and Manufacturing industries all over Pakistan.Our valued clientele includes METRO Cash & Carry Pakistan, Coca-Cola, Mondelez, Hyundai Nishat Motors, Packages Mall, AkzoNobel, Shifa Hospital, Government College Lahore (GCU), Hilal Foods, and many more.

We provide you with an end to end solar solution. We specialise in rooftop solar power plants for building rooftops, car parks, and open spaces within the premises on Build Own Operate Transfer (BOOT) basis and are an end-to-end solution provider – including design, engineering, procurement, construction, monitoring, and maintenance.

Are you considering Solar PPA to become energy independent? Click here and contact your expert.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]In Pakistan’s commercial and industrial sectors, solar power purchase agreements (PPAs) have become increasingly prevalent. With a solar power potential of 2.9 million MW, Pakistan presents a promising opportunity to harness energy for electricity generation.

Thanks to PPAs, the responsibility of operating and maintaining solar systems has been reduced for businesses, providing them with an energy-efficient solar solution contract with the assistance of companies providing solar energy in Pakistan.

What is a Purchase Power Agreement (PPA)?

A Purchase Power Agreement (PPA) is a financial deal where a third-party developer owns, operates, and maintains a solar power system. The host customer agrees to have the system on their property and buys the discounted generated electricity for a set period. This setup gives the host customer access to reliable and often affordable electricity. It also removes common hurdles like large initial costs, performance risks, and complicated design and permit procedures associated with installing solar systems. Moreover, PPAs can start benefiting the host financially as soon as the system is up and running.

With the current rise in prices of non renewable energy sources, solar energy has become a viable option, making PPA’s increasingly appealing. Presently, PPAs offer a more financially advantageous option in the market.

Advantages of Power Purchase Agreement using BOOT Model

When considering solar energy adoption in Pakistan, businesses often focus on the advantages it offers and its role in promoting sustainability. Here are some benefits of Power Purchase Agreements (PPAs) that are encouraging companies to embrace a more environmentally friendly choice:

No upfront capital cost: PPAs enable businesses to utilize clean energy without upfront costs. A third-party provider handles the installation and upkeep of solar panels, while businesses pay for the electricity generated at a typically lower rate compared to conventional utilities. This arrangement benefits both parties, offering accessibility and affordability to sustainable energy solutions.

Predictable energy pricing:

By having a set rate for solar panel-generated electricity throughout the duration of the PPA, consumers can reliably predict their energy expenses over several years. This protects them from the variability of traditional utility prices and offers a dependable, sustainable solution for managing energy costs.

No system performance or operating risk:

PPA guarantees the efficient operation of the solar power system throughout the agreement period, relieving consumers of any extra responsibilities. This facilitates a seamless shift to renewable energy, with the service provider ensuring reliability and effectiveness without added burden on the consumer.

Visibly demonstrable environmental commitment:

PPA acts as a concrete representation of businesses’ environmental dedication. By choosing renewable energy from solar panels, consumers display their commitment to sustainability and minimizing carbon footprints. The visible presence of solar panels on their premises demonstrates a proactive stance against climate change and advocating for clean energy solutions. This not only aligns with corporate social responsibility objectives but also resonates with environmentally aware individuals who prioritize contributing positively to the environment.

Companies using Solar PPA under BOOT Model

AkzoNobel Pakistan

Under a Solar PPA Agreement with Shams Power, AkzoNobel has received a tailored solar system using the Build Own Operate and Transfer (BOOT) model facility. As per the agreement, AkzoNobel is committed to generating 460 KW of DC power annually. Additionally, AkzoNobel will not incur any expenses related to capital, operations, or maintenance.

Metro Cash and Carry Pakistan

Metro Cash and Carry Pakistan has opted to embrace sustainable solar solutions through a partnership with Shams Power. This initiative aims not only to reduce costs but also to contribute to environmental preservation over time. Consequently, Metro Cash & Carry Pakistan has chosen to implement solar-powered systems at its headquarters in Thokar Niaz Beg and across its branches nationwide.

Utilizing the BOOT model, this carbon-neutral endeavor will enable them to annually mitigate CO2 emissions. Moreover, they will benefit from discounted electricity rates and be exempt from any operational and maintenance costs.

Packages Mall Pakistan

Packages Mall has transitioned its operations to rely on cost-effective renewable energy sources through a collaboration with Shams Power Limited. Employing the BOOT Model under a PPA arrangement, they have chosen to revamp their business practices by incorporating environmentally-friendly energy systems.

At their facilities, they have implemented a 2 MW Rooftop Solar setup and are enjoying complimentary operations and maintenance services through comprehensive energy optimization.

Shams Power: Leading the way as a Solar PPA Provider in Pakistan through the usage of BOOT Model.

Our goal is to propel Pakistan towards a sustainable, green energy future. Leveraging cutting-edge technology and deep market expertise, we promote large-scale solar installations.

If you’re seeking a solar energy provider in Pakistan, we’re here to assist you. Reach out to us at (+92) 301 4246111 or via email at sales@shams-power.com for inquiries or further information.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Pakistan is a country endowed with numerous amounts of renewable energy sources. It is on the verge of a significant shift in its energy industry. The country holds immense potential for renewable energy sources such as wind, solar, and biomass, which can help relieve the energy crisis while promoting sustainable development in the C&I areas.

Despite the promising opportunities, Pakistan’s energy industry such as solar faces persistent challenges such as costly infrastructure, reliance on imported equipment, and heavy taxes.

The central issue in Pakistan’s energy predicament is its reliance on conventional fossil fuels, creating an unstable equilibrium between energy supply and demand. Regular power outages and inadequate grid connections impede the country’s development path. Despite these obstacles, there is a chance to incorporate advanced smart grid technologies and renewable energy sources (RESs) into the country’s overall energy mix.

Types of Solar Infrastructure

Windows with Solar Cells

A solar window is a solar cell that serves as transparent glass and produces solar energy. Besides being cost-saving, it is considered eco-friendly and does not take any extra space. It can be effectively used for both commercial buildings and households.

Sun-Tracking Solar Cells

Solar cells that follow the sun from east to west throughout the day were launched in December 2016. These solar cells are bowl-shaped and can be used in a Solar PV System. It employs solar trackers to track the sun to gather more of its energy. Hence, this will help produce maximum energy for the commercial and industrial sectors.

Solar cells made of silicon

Silicon solar cells have become one of the most direct sources of electricity from renewable energy sources. Researchers have also developed a bifacial silicon solar cell with efficiencies of 23.3% on the front and 23.4% on the back, thus increasing the solar cell efficiency record by 29.52 percent in December 2020. Hence, according to the International Energy Agency’s 2020 energy outlook research, these silicon cells based solar energy systems are producing the cheapest commercial electricity in history.

Photovoltaics integrated into buildings

Building-integrated photovoltaics (BIPVs) refers to incorporating photovoltaic qualities into the essential building components rather than rooftop solar panels. It means exteriors, roofs, glass windows, and all other types of shading producing the electricity that powers buildings. BIPVs effortlessly integrate into the architecture of the building, thus eliminating away the requirement for a separate mounted solar PV system installation.

Utilizing Pakistan’s renewable energy

Renewable energy initiatives provide a ray of hope for the C&I sector in Pakistan. This provides fresh opportunities for economic advancement, in contrast to the fossil fuel-centered industry, which frequently leads to environmental destruction and health risks. Renewable energy projects open up cleaner and more sustainable paths for development.

The advantages of incorporating RECs into Pakistan’s energy framework go beyond electricity generation. They can trigger a socio-economic revolution, endow businesses with energy, and unlock new opportunities for progression and growth. Pakistan can build resilience against external shocks and promote a more inclusive energy ecosystem by decentralizing energy generation and encouraging local ownership of renewable infrastructure.

In addition, implementing innovative grid technologies boosts the effectiveness and dependability of renewable energy systems. Smart grids permit monitoring energy usage in real-time, demand response, and incorporation of distributed energy resources, which optimize energy usage and minimize waste. By exploiting these sophisticated grid solutions, Pakistan can guarantee a smooth shift towards a more sustainable and robust energy future.

Achieve sustainable energy with BOOT Model

In the Solar industry, the rise of third-party ownership is the dominant model for solar installation. Adopting a PV system has become more popular with the access of feasible models such as BOOT. In the Power Purchase Agreement Model, the solar energy provider develops the solar system on the client’s property. As a result, the client gets to have a customized solar solution as per their requirements.

• BOOT Model
• Built
• Own
• Operate
• Transfer

The BOOT Model comes under a power purchase agreement where the solar expert builds, operates, and maintains on the client’s behalf. As per the Power Purchase Agreement contract, produced electricity is sold to the client through this BOOT Model.

The PPA is a long-term contract, and throughout its duration, the solar energy provider is responsible for maintaining the solar system installed at the client’s property

Companies using BOOT Model with Solar PPA

AkzoNobel Pakistan

Shams Power has supplied AkzoNobel with a customized solar system using the Build Own Operate and Transfer (BOOT) model facility under its Solar PPA Agreement. As per the agreement, AkzoNobel will produce 460 KW of DC power every year. Moreover, in terms of capital, operations, and maintenance, AkzoNobel will bear no cost.

Metro Cash and Carry Pakistan

Metro Cash and Carry Pakistan has decided to adopt sustainable solar techniques by collaborating with Shams Power. It will not only save money but also help the environment in the long run. Therefore, Metro Cash & Carry Pakistan has selected a solar-powered system for its headquarters in Thokar Niaz Beg and branches throughout Pakistan.

By using the BOOT model, this carbon-free initiative will help them save 239 tons of CO2 each year. In addition, they will get the electricity at a discounted rate and will not have to pay any O&M costs.

Packages Mall Pakistan

Packages Mall has also shifted its operations towards this low-cost renewable energy source by teaming up with Shams Power Limited. With the BOOT Model under PPA basis, they have opted to transform their business operations using more environment-friendly energy installations.

They have installed 2 MW Rooftop Solar at their premises and are benefiting from free operations and maintenance through complete energy optimization.

Work with Shams Power

Nonetheless, actualizing the complete potential of renewable energy in Pakistan demands a concentrated exertion from policymakers, investors, and stakeholders spanning various sectors. It mandates the creation of strong policies and regulatory frameworks that incentivize the utilization of renewable energy and simplify private sector involvement. Moreover, it is vital to invest in research and development to propel the development of renewable energy technologies and decrease expenses.

To conclude, Pakistan is at a crucial stage of its energy journey, where renewable energy is becoming a ray of hope in the middle of its energy predicament. Pakistan can not only surmount its energy issues but also discover novel avenues to sustainable development by embracing the immense potential of wind, solar, and biomass resources. Now is an opportune moment for courageous action and innovative investments in renewable energy, forging a brighter and more durable future for all Pakistanis.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Pakistani businesses or organizations that are considering switching to renewable energy should compare wind and solar options to see which works best for them. Evaluating the impact and effectiveness of these renewable sources is crucial in determining which best aligns with Pakistan’s ambitious environmental objectives. This evaluation goes beyond a simple comparison; it involves scrutinizing their potential to meet these goals effectively.

Let’s determine which renewable energy source, solar or wind, holds the most significant promise for a sustainable future.

Pakistan’s Policy to Use Renewable Source

According to National Electric Power Regulatory Authority’s (NEPRA) 2022-2023 yearly report, Pakistan’s total installed power generation capacity is 43,775 MW, of which 59% of energy comes from thermal (fossil fuels), 25% from hydro, 7% from renewable (wind, solar and biomass), and 9% from nuclear.

However, The Government of Pakistan (GoP) is seeking initiative to pursue clean energy more effectively. Because of this, Pakistan has aimed to reduce greenhouse gas emissions by 50% by 2030.

Hence, Renewable energy (solar and wind) is becoming an essential part of Pakistan’s climate change strategy for reducing greenhouse gas emissions.

A comparison between solar and wind energy in Pakistan

Pakistan has made significant progress in solar power installation. It is peak under direct sunlight, but changeable weather might hamper the efficiency of solar panels. Whereas, Wind turbines may produce electricity continuously as long as there is wind, even on cloudy days.

Wind Energy

Pakistan’s coastal area, stretching 60km from Gharo to Keti Bandar and extending 180km, holds the potential to generate 50,000MW of electricity. Currently, there are 36 private wind projects in operation, generating around 1845MW of power. Additionally, the Government of Pakistan aims to derive 60% of the country’s energy from renewable sources by 2030 as per its renewable energy (RE) policy. This ambitious goal opens up numerous opportunities for the wind energy market in Pakistan.

Solar Energy

Pakistan’s solar installed capacity reached 1.24 GW by 2022, marking a 17% increase from 2021, with the government proposing initiatives to boost solar energy share. The Solar Energy Market in Pakistan is projected to grow at a CAGR of 49.68% from 2023 to 2028, reaching 9.77 gigatons. Balochistan province boasts significant solar and wind potentials, with 2,900 GW and 340 GW respectively, and the capacity to implement over 14 GW of renewable energy within 5-10 years, including large-scale PV plants. Its favorable geography and irradiance position Balochistan as one of Pakistan’s most promising provinces for renewables.

Economic situation

The economic balance can also shift in unexpected ways. With their enhanced efficiency and reasonable cost, solar panels are now more affordable for industries, business owners, and commercial sectors.

It needs more significant upfront investment and benefits from bigger operational scales. However, solar provider companies like Shams Power offer Solar Power Purchase Agreements to combat these issues, allowing the C&I sector to install Solar Systems without paying any upfront or investment cost.

Ground Accommodation

Considering solar energy, the land footprint can be significantly cost-effective and hassle-free if it comes under PPA or Solar Financing. Although wind turbines are tall, they take up much less space on ground level. However, the effect on birds and species of bats remains a significant worry.

At last, the advantage of both methods is their enormous scope for innovation and scalability. Simple roof installations can increase Solar footprint without occupying more land, while offshore turbines seriously consider tapping into significant oceanic winds, avoiding surface conflicts.

The future of Renewable energy in Pakistan

In conclusion, projecting the path of solar energy against wind energy is a complex task. It is about comprehending a complicated patchwork of technological, policy, and societal requirements. Technological developments could soon change the odds in favor of one option.

Government policies will likely play an essential part in the battle over solar vs wind energy. It also emphasizes the importance of politics in the solar energy vs wind energy environment. Pakistan aims to lower emissions of carbon in the coming years. This will continue to drive investment in renewables at commercial and industrial levels. This policy will favor one energy source over another and could change the dynamic, resulting in faster development and research in the industry.

Adoption of renewable energy in C&I sector

Renewable energy is not simply a theoretical idea for commercial industries in Pakistan; it is a change that will affect their day-to-day existence. Industries are transforming into tiny power plants using the sun to power their rooftops and backyards. Similarly, community projects can take off with a joint investment in nearby wind turbines or solar farms.

Therefore, remember that diversity is the true winner when determining which form of energy is “better,” whether solar or wind. A robust and sustainable future may result from a well-balanced energy portfolio that capitalizes on both advantages. To save our world for future generations, inventors, policymakers, and, most importantly, knowledgeable industrialist must promote the development of a robust renewable energy matrix.

Contact us

Are you ready to help create a sustainable future? Contact us to discover how sustainable solar energy solutions might help you make a difference.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]There are incentives as well as monetary benefits to do the right thing for the planet by opting for renewables such as solar energy. However, solar companies say the biggest issue they face is accessing financing to induct solar installations as part of their energy requirements.

“Banks are not willing to finance off-balance sheet solar financing,” said Omar Malik, CEO Shams Power. “They need some assets or hard collateral, which is difficult to arrange to back large solar plants.”

Shams Power is a joint venture of two energy companies (PITCO and Orient Operating Company), which offers solar power for the next 20 years on a Build Operate Own and Transfer (BOOT) basis. It has so far served 30MW of clean energy.

Former director of a solar company Netline, Umair Zavary termed financing the biggest hurdle at the moment for companies to install solar plants to fulfill their consumption.

“Companies want to install solar plants because these plants definitely provide cheaper energy. Moreover, it also helps exporting firms achieve their environmental goals, which are being made mandatory in many export destinations of Pakistan companies,” he said.

Unlocking climate funds: Pakistan faces several roadblocks

Dr Khalid Waleed, a PhD in Energy Economics with over 10 years of experience in Pakistan’s energy sector, concurred that accessing finance for the solarisation projects is an arduous job in the current macroeconomic scenario.

“There are now no schemes for solar financing from the State Bank except for a limited support for solarisation of tube-wells,” he told Business Recorder.

“Since the central bank isn’t interested in the current macroeconomic condition when interest rates are very high, commercial banks don’t have a reason to finance solar projects either. They want to invest safely and where they can get good returns. Returns are low in the renewable sector,” he added.

Waleed was of the view that foreign investors aren’t interested too in renewable projects because of different reasons.

“The Private Power & Infrastructure Board (PPIB) floated bids for a 300MW solar plant and nobody bid for it for multiple reasons.

“There is political instability and then macro-economic uncertainty too. Moreover, our grid is outdated, which trips on renewable energy sources – solar and wind because they are variable.

“So the National Transmission and Despatch Company (NTDC) prioritises fossil generated electricity such as coal. And then we already have excess capacity. So, it doesn’t make economic or business sense for the investors,” Waleed said.

What do international financial institutions think?

GuarantCo is an international financial institution that provides guarantees to banks to finance infrastructure development where the banks don’t feel comfortable to finance on their own.

‘Contrary to popular belief, Pakistan among our best-performing markets’

Philip Skinner, Managing Director, Global Execution Team at financial institution GuarantCo, explained to Business Recorder in an earlier interview that the model of GuarantCo is to “guarantee financing for infrastructure development where banks don’t feel comfortable. But we hope that gradually banks will develop trust in that certain space”.

Speaking about facilitating financing for Shams Power to provide rooftop solar plants for commercial and industrial use, he said they are hopeful that banks would gradually start developing trust in solar companies.

“And then we can move to something else, for instance, electric vehicles,” he said.

Raising finances for solarisation

Shams Power has recently raised Rs1.5 billion ($5.2 million) finance solution to invest in distributed solar plants at commercial and industrial locations across Pakistan.

GuarantCo, part of the Private Infrastructure Development Group (PIDG), and Bank Alfalah have provided Shams Power with this finance solution to support the construction of 10MW of small rooftop and ground mounted solar plants at commercial and industrial sites across Pakistan to reach grid connected businesses.

NASA official says ‘no Plan-B’ to Earth

Shams is a distributed solar developer with a total of 27 projects and an installed capacity of 25MW across Pakistan. Eighteen projects with a capacity of 21.2MW were completed and became operational under the first phase of the Rs2 billion ($11.3 million) facility provided by GuarantCo and Bank Alfalah in December 2021.

The finance solution of Rs1.5 billion debt provided by Bank Alfalah is 75% guaranteed by GuarantCo.

The company says the financing solution will support solar projects across Pakistan, which will reduce reliance on the grid, reduce energy costs for the commercial and industrial clients by up to 50%, and save an estimated 10.2k of CO2 emissions per year.

According to Shams Power, it is working on the ‘pay as you use’ model through which business users will benefit from a saving of 30% to 50% on their electricity costs through the solar systems.

It may be noted that government departments’ land and roof are considered goldmines to generate electricity.

Omar Malik said right now they use private spaces – mostly roofs and grounds of companies that are provided with solar energy projects.

However, he added, the government departments such as schools have a lot of space at crucial locations. There can be public private partnerships and the government departments can have electricity produced for their own use and they can also sell excess back to the DISCOs as well, according to Malik.

However, he was of the view that a strong and viable security package should be offered to investors putting up solar at government buildings on a BOOT basis (build own operate transfer) under such a Private Public Partnership, because government departments’ credit quality is poor.

Underperforming solar panels

Omar Malik said there are ample checks and balances of the Alternative Energy Development Board (AEDB) to ensure the quality of imported solar panels. Around ,3000MW of quality were imported last year.

Last year, AEDB was merged with the Private Power and Infrastructure Board (PPIB).

However, there are some cases where people complain that they face issues with the expected output of electricity that was promised by solar plant installation companies.

Govt must reduce its footprint from businesses, says caretaker energy minister at KLF

“There have been some cases of import of low quality solar panels. However, one of the biggest issues that the people with solar plants face is not quality but maintenance. We have dust issues in all cities. In Karachi, panels get dirty in 15 days; in Lahore and in Islamabad 25 days. Panels need to be cleaned in a month for optimum performance,” said Umair Zavary.

Other than that, the two industry officials highlighted that there is also an issue of underperformance of solar panels.

Performance of solar panels doesn’t only depend on the quality of the solar panels. There also has to be expertise of the companies and people installing them, they maintained.[/vc_column_text][/vc_column][/vc_row]