[vc_row][vc_column][vc_column_text][/vc_column_text][vc_column_text]Over the past few decades, the solar industry has made significant progress. Improved solar technology and decreasing associated costs have enabled the utilization of sunlight to energize large communities and corporations. Longer-lasting and more efficient solar cells are one of the most recent innovations in solar technology.

Many countries now utilize solar power to fulfill their decarbonization goals and prefer investing in Solar PV Systems instead of coal or gas power plants. Similarly, the business ecosystem is also experiencing a shift where now sustainability objectives are being prioritized. Solar energy is a promising alternative to fossil fuels, as the major input of sunlight is found in abundance and is free.

Let’s look at a few of the global solar innovations and their benefits found globally.

Efficient solar cells for Solar Panel Systems

Efficient Solar cell has been one of the most impressive solar achievements globally. It has led to a 31.6% increase in the conversion rate of solar energy to electric current, as compared to the previous ones.

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.

Solar Powered Cars

Another technological advancement in the solar world is solar-powered automobiles. This innovation can transform solar energy into electricity to power a car’s engine. It does with the concept of Solar-to-fuel conversion that makes hydrogen fuel using solar energy. Hence, solar-powered cars can help to cut down the dependence on oil/petrol/diesel and CNG base cars.

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 are printable

The printing of solar cells onto thin plastic sheets was launched in February 2017. The thickness of these solar cells is only about half a millimeter. They can be folded up because of their elasticity. They are also durable enough to avoid harm when struck by a car or submerged in water.

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.

How Solar tech advancements are changing the game of the solar industry

Enhancing Effectiveness

Manufacturers of solar cells and modules are still exploring ways to increase the effectiveness of solar panel systems. The solar conversion efficiency of 25% has been attained this year with the help of crystalline silicon technologies.

Thin-film techniques

Around 90% of the solar market has continued to be dominated by thin-film PV panels which have increased solar energy production.

Agrivoltaics

The solar business has a small but expanding sector dedicated to maximizing agricultural land use by covering crops with solar energy systems. Farms can be run self-sufficient with the help of solar energy. Moreover, solar panel shading can enhance yields while lowering water demand by minimizing evaporation.

Conclusion

Over the year, we have seen multiple solar tech innovations that bring positive hope for a sustainable environment. Hence, with these technologies, the planet can reduce carbon emissions for a greener and more prosperous future.

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[vc_row][vc_column][vc_column_text][/vc_column_text][vc_column_text]Today, a myriad of big and small enterprises in Pakistan are using commercial solar power systems. This helps them full fill sustainability goals and lowers their electricity costs. As a result, corporates can save their electricity bills and increase their energy independence.

However, if the CEO of your business is still unsure about switching to solar power, don’t worry;

We have several strategies and guidelines to convince your CEO to opt for a solar solution.

Speak Figures

The continuously rising cost of electricity is one of the major concerns all types of companies are facing these days. The worst aspect is that the standard grid energy given by your state’s Disco is insufficient and expensive.

The commercial and Industrial sectors in Pakistan pay highly taxed tariffs and still experience energy shortages that eventually lead to either productivity loss or high investment costs to enable grid energy alternatives. Hence, converting to solar energy can help them save on their electricity bills and future hikes.

The upfront costs required for buying and installing solar plants are now substantially cheaper than they were a few years ago. This is a result of the tremendous advancements in technology. However, if you don’t want to invest a single rupee, Solar PPA is a very feasible model for your organization.

C&I sector in Pakistan is now able to get solar energy without incurring any installation investment or maintenance expenditures, thanks to the introduction of solar PPA. Connect with solar specialists like Shams Power to calculate the energy savings that your company could receive by shifting to solar without any investment. Have these figures on hand because most CEOs are prepared to switch once they understand the financial benefits of solar power systems.

Decrease your carbon emissions to increase sustainability

According to a Nielsen survey, globally customers are prepared to spend more for products from firms that are sustainable. The research discovered that 73% of youth and 66% of customers from older generations are willing to pay more for sustainable brands.

Utilizing solar not only has a significant environmental impact but also has a positive impact on your financial line. Solar energy is environmentally friendly and provides electricity that significantly lowers your company’s carbon impact. Since no chemicals or greenhouse gases are discharged into the atmosphere, it has no adverse environmental effects.

You can publicize it on your social media accounts and bring it to your customers’ attention. Your consumers will be informed that your business uses solar plants and that you are contributing to a better future for the environment. Your brand will gain more respect from the general public and customers.

The desire of every CEO for their company is to have a good reputation with clients, and for this reason, you should persuade them to switch.

Become a Leader in Climate Change

Today many large corporations have become climate leaders for a sustainable tomorrow. According to the SEIA (Solar Energy Industries Association). Analysis, some of the largest companies, like Walmart, IKEA, Apple, and Costco, are the most significant solar energy users.

Locally, hundreds of large and small businesses have emerged as leaders in the fight against climate change with the help of solar power purchase agreements. Shams Power has empowered industry-leading corporates to opt for solar energy some of our clients include METRO Cash & Carry Pakistan, Packages Mall, Maxim Agri Pvt Ltd, Nishat Hyundai, Emporium Mall, AkzoNobel Pakistan, and many more

Observe Regulations

Businesses must abide by several environmental laws, including renewable energy and greener solutions. Your company’s decision to go solar demonstrates your dedication to society which will also aid in improving your company’s standing with regulatory bodies.

The Paris Climate Agreement’s goal is to keep global warming below 2 degrees Celsius. Pakistan must also become a leader in the use of renewable energy. Going solar is a priority for the government more than ever.

Initiatives by Government

The state bank of Pakistan recently declared that it would extend the financing scheme for alternative energy for two or more years, ending on June 30, 2024. 

As a result, many businesses are now encouraged to look into solar financing without fear of financial difficulties.

Check if it applies to your business and pitch this to your CEO.

Learn about solar installations that can be done without any investment. Check if it relates to your company, then present it to your CEO.

A Brief Summary

There are several advantages to switching to clean solar energy for businesses. Large businesses throughout all sectors can benefit from solar by lowering operational costs, building their brand’s reputation, and gaining a competitive edge.

Don’t forget to add that by installing solar power, your company is contributing to creating a planet that will benefit future generations. With this, you will demonstrate your dedication to the environment and society by leaving a legacy.

Acquire support from your CEO by emphasizing these factors, and when he/she gets ready set up a meeting with us to get an ideal solution without any hassle.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Solar power is one of the most prominent and widely used renewable energy sources. With robust initiatives and sufficient investment, solar energy has the potential to drastically reduce the world’s reliance on fossil fuels.

Making Pakistan an environment-friendly and carbon-clean country

Solar power is a clean energy source with zero to minimal carbon footprint, it reduces harmful elements in the environment and helps in environmental sustainability. A Solar Energy System is a reliable secondary energy source that can satisfy an organization’s energy needs while also fulling its sustainability goals. As sunlight is free and abundant, solar energy systems can energize even the most remote parts of the world at relatively low operating costs.

Solar Energy for Commercial and Industrial Sector

The manufacturing and commercial organizations want to use solar energy but might feel perplexed about how to best use the available space. However, solar plants can be installed as rooftops, carports, and ground-mounted solar structures.

Thus, they are space-efficient and mechanically inert. In addition to that, the solar power plant is generally referred to as the most reliable alternative for users due to its 25-year warranty policy.

You can now enjoy the following benefits of adding solar power to your organization.

Alternative energy source

The fact that solar energy is a Carbon-free solution is the most significant advantage among its many other advantages. It is accessible every day and useable everywhere in the world. Unlike other sources that are being exploited excessively, solar energy can never run out. As long as the sun exists, solar energy will be easily accessible to everyone.

Offers the security of energy supply on the premises

Adoption of solar energy also increases the energy independence of the organizations. For this reason, governments are encouraging organizations to implement renewable sources like solar energy for their operational use. Regarding this, the state bank of Pakistan recently declared that it would extend the financing scheme for alternative energy for two or more years, ending on June 30, 2024. Thus, many companies are now encouraged to opt for solar financing without worrying about financial problems.

Reduce carbon emission

It is well known that carbon dioxide contributes to global warming, which is melting glaciers, threatening the survival of species, and worsening habitats. However, with solar energy, we can reduce reliance on non-renewable energy sources.

Cost Efficient Maintenance 

Solar Power plants require regular maintenance and the whole process is very delicate so must be handled by experts. However; the solar system’s maintenance is still less complex when compared to the maintenance needs of other energy sources.

 Multiple uses 

Solar Power Systems operate independently and can be set up even in the most remote areas. It may be used to extract water in areas with low water supplies, produce electricity in remote areas, and run manufacturing factories, commercial buildings, and even spaceships.

Reduce electricity cost and boost savings

Ever-increasing fossil fuel prices have led to rising in electricity bills while rapid development in solar technology has reduced costs and increased energy yield efficiency. Thus, energy bills will surely go down as the solar energy system will fulfill several energy requirements.

Solar Energy better for the Climate 

As the effect of climate change worsens, the developing nation will face different energy challenges due to their needs.

Hence, a convention called Paris Agreement was held that permitted countries to establish their objectives for lower carbon emissions. 196 nations committed to boosting their clean energy usage in 2015. Under this agreement, they are dealing the environmental and economic trade-offs with renewable energy sources.

In this regard, Pakistan has taken action to lower greenhouse gas emissions. Pakistan also participated in COP26, the 26th conference of the parties, to debate important issues like climate change and its economic effects.[/vc_column_text][/vc_column][/vc_row]

Pakistan Meteorological Department has warned that the country is likely to witness high temperatures throughout June. Last month Pakistan witnessed record high temperatures where temperatures soared above 50 degrees Celsius in the south. International media termed the phenomenon a “Perfect Climate Storm”. Global average surface temperatures have risen by 0.08° C per decade since 1880 (2). According to the Meteorological Department, Pakistan’s main land surface air temperature in 2021 has risen by an alarming 0.99°C since the 1990s (3).

Figure 1. Pakistan’s annual mean temperature anomalies (with 1961-1990 as the base period) for the period 1961-2021 (Source: Pakistan Meteorological Department)

Accumulation of Greenhouse gases, specifically carbon dioxide, in the atmosphere is the main driver of “global warming.” A large amount of carbon dioxide is released from burning fossil fuels to generate electricity and contributes to the greenhouse effect. Pakistan is also heavily dependent on non-renewable energy sources for its power, as only 2% of electricity is generated from renewable sources. (4).

Figure 2. Pakistan’s energy mix – share in Electricity Generation (Source: Ministry of Energy)

To support a shift toward green energy State Bank of Pakistan (SBP) had launched its “Green Banking Initiative” to encourage renewable energy projects. The policy enabled sponsors of renewable energy access to grants of refinancing (5). Shams Power Limited was able to successfully close a 𝐏𝐊𝐑 𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 project finance facility from Bank Alfalah Limited with a partial credit guarantee from GuarantCo, under this SBP refinancing policy.

Figure 3. Signing ceremony attended by: Saad ur Rahman Khan, Group Head, Corporate, Investment Banking, and International Business Group Bank Alfalah (left); Atif Bajwa, CEO Bank Alfalah (middle); Omar Malik, CEO Shams Power (right); Asif Elahi, Partner Capital Resource and Emily Bushby, Interim CEO GuarantCo (virtual)

See blog: Shams Power Secures Financial Closure Of PKR 2 Billion With Bank Alfalah And Guarantco To Invest In 21MW Solar Power Plants In Pakistan

Climate change directly affects the competitiveness, profitability, and survival of corporates. Pakistan’s Commercial and Industrial sectors need to be vigilant and should champion a cause for sustainable development. One of the core pillars of Sustainable development is the adoption of renewable energy sources like solar, wind, and biogas. Collaborating with a private energy provider to access renewable energy is a popular method to ensure replacement for traditional energy sources.

Shams Power is one of Pakistan’s recognized solar energy providers, serving the commercial and industrial sectors by facilitating solar sustainability on a PPA basis. Renowned corporates like METRO Cash & Carry Pakistan, Coca Cola, Packages Mall, Maxim Agri Pvt Ltd, Nishat Hyundai, Emporium Mall, AkzoNobel Pakistan, and many more have chosen clean and green energy through power purchase agreement plan with zero upfront cost and guaranteed savings in return for discounted rates on energy tariff.

[vc_row][vc_column][vc_column_text]Over the last decade, PPA Solar System has emerged as one of Pakistan’s most promising renewable energy financing options available for the commercial and industrial sectors. When choosing Solar Energy in Pakistan, companies tend to look at the solar benefits and their contribution to a sustainable future. Solar PPA enables multiple benefits like discounted tariff rates, zero installation fees, and no O&M hassle. With the tightening economic conditions commercial & industrial sector’s tendency to opt for solar energy on a PPA basis has increased.

 

Let’s have a look at a few reasons why Solar System on PPA basis is suitable for your business in 2022.

 

Solar PPA Cut Downs the Utility Bills with Solar Energy

 

In Pakistan electricity tariff rates constantly fluctuate and the trend seldom dips. Unexpected hikes occur in the energy expenses which upsets the operational excellence of the organizations. However, with Solar Power Purchase Agreements, the company get electricity units at a discounted rate. It helps them accomplish their energy requirements with reduced electricity bills.

Through Solar PPA Get Solar Energy with Zero Capital & Operation Costs

Under Solar PPA contract, clients enjoy access to solar energy without paying any financial or operation costs. Through solar energy corporates can utilize a diverse energy mix to enable significant savings on electricity bills, increase energy independence and achieve sustainability goals. By supporting businesses that share the sustainable development goals, Shams Power aims to provide turnkey environment friendly solutions

Get free Maintenance

 

Solar Power plants do require regular maintenance and the whole process is very delicate so must be handled by experts. Under Solar PPA clients get free maintenance service for the complete solar plant throughout its PPA contract. Shams Power’s skilled professionals do all maintenance and cleaning throughout the duration of the contract while adhering to all HEC standards.

Reduce Carbon Footprint

 

The recent forest fire in the Koh-e-Suleman (Pakistan) mountain range brought attention to the urgent need to address the world’s rising climate crisis. A shift towards renewable energy sources such as solar, wind or biogas would greatly reduce harmful carbon emissions. In solar industry high upfront cost is the greatest barrier to solar adoption. With Solar PPA more corporates can have access to solar energy as the client only has to pay a discounted tariff on the energy units consumed and there are no upfront or operational costs.

 

 

Increases The Company’s Eco-Friendly Value.

 

With energy independence through Solar PPA, the commercial and industrial sectors can reduce their carbon footprints and fulfill their energy requirements at discounted tariff. Clients can choose a variety of solar installations like Commercial Rooftop Solar structure, ground mounted structure or car parking.

 

Shams Power recognizes the importance of environmental sustainability beyond its product line and is proud to be at the forefront of the industry in this regard. In 2021 Shams Power produced 6 million units of clean solar energy, which is 3510 tons of Carbon emission reduction 2021. Shams Power strives to develop solar systems that are as ecologically sustainable as possible. Thus, companies working with a PPA Solar system developer like Shams Power are better positioned to successfully accomplish their Sustainable Development Goals.

Conclusion

If you are a business determined to contain environmental degradation through adoption of renewable energy sources, then going solar is a prudent option. To begin the journey of change, answer a few simple questions about your factory/workspace/production unit and discover how it would look with solar plant from our design specialists.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Solar energy is the most adopted and feasible renewable energy option for Pakistan’s commercial and industrial sectors. Organizations have renewed their interest in solar energy due to its commercial and environmental benefits. Solar energy enables significant savings in electricity bills, access to clean energy, and an increase in energy independence. However, a few but widespread ‘myths’ have been a major hindrance to solar adoption.

The following are the handful of the most common solar power misconceptions and truths.

1. Myth: Installing Solar Power System is expensive for a Business

Fact: Investment in a Solar Power Plant is relatively expensive in the short run but only if fully financed by the user itself. New solar financing options such as Solar PPA, have made Industrial Solar Installations very feasible. Under Solar Power Purchase Agreements (PPA) the client does not bear the financial investment or operational costs and still can enjoy all the benefits of solar energy. Shams Power is the leading Solar PPA developer and undertakes all of the financing, installation, operations & maintenance of the solar power plant.

2. Myth: Solar power is more effective in hotter weather

Fact: This is another popular misconception when it comes to understanding the production of solar energy. In reality, PV cells in the solar panels absorb sunlight instead of heat to produce electricity. If there is ample sunlight It’s possible to generate solar energy even in extremely cold conditions of Artic or even in Sub-zero Space. Too high temperatures may hamper energy production.

Shams Power experts perform yield and shadow analysis that makes solar system positioning effective and efficient enough to produce optimum energy units.

3. Myth: Solar Energy System needs consistent high maintenance

Fact- Solar Power plants do require regular maintenance and the whole process is very delicate so must be handled by experts. However; the solar system’s maintenance is still less complex when compared to the maintenance needs of other energy sources.

Under Shams Power’s Solar PPA all of the maintenance and cleaning is handled by our professional experts who will clean and maintain the solar plants by adequately following all the HEC policies.

4. Myth: Solar systems can badly affect the roof of the installation site

Fact: Solar systems if designed and installed by a proficient team will have no adverse effect on the roof, on the contrary, the solar panels can provide coverage to the roof protecting it from various harmful elements.

5. Myth: Solar systems look unattractive on the premises.

Fact: Experts ensure to install Solar PV systems in places and angles that do not affect the physical outlook of any building. Solar installation types vary and can be installed on the rooftop, ground, and even on a parking lot as per the available area.

With the experience of overseeing 450MW, Shams Power boasts a highly experienced and skilled in-house team.  These seasoned professionals ensure that the solar system design is aesthetically appealing and business’s premises are not harmed during installation.

6. Myth: Solar has a long payback time

Fact: Continuous innovation in solar technology has made harnessing the sun’s energy very feasible. Solar costs have decreased by 90% in the last 10 years. Solar energy users save on-grid electricity costs from day 1 by getting clean and green solar energy at discounted rates.

Through Shams Power’s Solar PPA our clients enjoy 30% to 60% savings on their electricity bills. With zero CAPEX – OPEX cost they enjoy savings from day 1.[/vc_column_text][/vc_column][/vc_row]

 

There is only one earth, and it’s in danger. Our blue planet is losing its majestic ability to sustain life. According to the National Aeronautics and Space Administration (NASA), there are more than 100 billion planets in our galaxy. Up till now, humans have been unable to find another planet completely capable of sustaining life. So, there is #OnlyOneEarth!

Why worry?

Decades of negligence have resulted in a ‘triple planetary emergency’^[1]. Temperatures on the world level are rising at an alarming rate which has led to plethora of disasters, including droughts, heat waves, and floods. Continuous destruction of habitat has put an estimated 1 million species on the trajectory toward extinction. Disturbance in ecosystems have caused a rapid decline in the population making many species endangered. Pollution of Air, Land & Water have directly affected the wellbeing of all living things on earth.

What is World Environment Day?

In 1972 United Nations, at the Stockholm Conference on the Human Environment, introduced the environment revival initiative known as “World Environment Day. The campaign aims.” to spread awareness about the environmental challenges and encourage a call to action to conserve and protect our ecosystems.

Pakistan has hosted the 2021 edition of “WORLD ENVIRONMENT DAY” under the slogan of “Ecosystem Restoration”. This year’s campaign will be hosted by Sweden under the theme of # OnlyOneEarth. This year also marks 50 years of celebrating WORLD ENVIRONMENT DAY since its inception in 1972.

Our Responsibility  

Corporates and Industries (C&I) are the commercial backbone of Pakistan’s economy. The scale of their operations is massive enough to have a direct effect on society and the environment. In 2021, Industries contributed around 23% to the GDP, and currently, employees are 15.3% of the labor force ^[2]; however, Pakistan also produced 217 million metric tons of carbon dioxide (MtCO2) emissions in 2021^[3] .

In order to promote collective action, all facets of the society must band together and work towards the revival of the lost ecosystems. C&Is can champion this cause by focusing on sustainable development, including increasing the adoption of renewable energy, reducing and recycling industrial waste, and introducing strict controls on commercial air, water & land pollution.

By focusing on sustainable development, Corporates and Industries (C&I) can revitalize environmental initiatives to save our planet as there is #OnlyOneEarth!

[vc_row][vc_column][vc_column_text]Businesses these days’ bear heavy utility expenses in their day-to-day operations. As the organization grows, more energy is consumed for lighting, production, HVAC, machines, and other purposes. According to research by Finance Division Pakistan, Pakistan’s industrial sector consumed 22,280 GWH in 2021. However, as the cost of electricity rises, the overall expenses of firms also increase. Thus, switching to a sustainable solar system, such as Commercial solar power plants, will help firms secure themselves from power outages and grid rate changes.

With the advancement of solar technology, many firms have shifted to ground-mount and rooftop solar power plants in the last ten years.

Shams Power Limited helps firms integrate solar renewable energy through their diverse set of solar solutions. 

Power Purchase Agreements (PPAs) 

A power purchase agreement (PPA), or electricity sale agreement, is a contract between two private parties, one which produces electricity (the seller) and one which is looking to purchase it (the buyer). 

Net metering 

It enables clients to sell the excess solar energy to the national grid. It allows them to pay a cheaper electricity bill or compensate for energy exported to the grid during off-peak hours.

Empowering the future with Solar energy

The energy produced from solar power proves to be eco-friendlier than non-renewable sources like coal and fossil fuels. Hence, power generated from a commercial rooftop solar system does not emit greenhouse gases and conserves the environment from harmful carbon emissions.

According to the National Renewable Energy Laboratory, 1000 kWh of solar energy can cut CO2 emissions by 1400 pounds, Sulphur dioxide (SO2) by 8 pounds, and nitrogen oxides (NO2) by 5 pounds.

In this regard, Pakistan has taken steps to reduce greenhouse gas emissions. For this, Pakistan also participated in The 26th Conference of the Parties (COP26) to discuss crucial topics such as climate degradation and its financial implications.

Moreover, as per Pakistan’s Nationally Determined Contributions (NDC), the country states that it will cut emissions in half by 2030. Furthermore, Malik Amin Aslam, the Minister for Climate Change, mentioned the prospect of receiving $100 billion in funding to help the country transition to a sustainable energy future. Pakistan joined a Global Methane Pledge to reduce methane emissions at the 26th Conference of the Parties (COP26).

As a result of the government’s support and encouragement, the country is currently opting renewable sources like solar over non-renewable alternatives.

Understanding the Shams Power commercial solar power plant installation process

The installation of solar technology is causing old paradigms to crumble. When non-renewable sources of energy become depleted in the future, organizations will find it extremely difficult to replace them with renewable energy sources. As a result, many businesses have found it necessary to make strategic business decisions. Under the PPA agreement, Pakistan’s C&I sector can capitalize on solar plants without incurring any investment charges and improve business growth efficiency.

Here is how Shams Power can help them in this regard:

Consultation

With a personalized proposal and on-site site study, you can get the most out of your solar system. Our Experts will guide you with technical consultation regarding Solar Plant’s load, space, and size.

Design       

Each system is tailored according to the client’s needs and the structure of the building. We will make each system as aesthetically pleasing as feasible while installing it on your premises.

Financing

At Shams Power, we offer a comprehensive range of solar energy services to commercial and industrial clients through our solar financing option. Our PPA-based solar power system

provides end-to-end services for all companies seeking installation, operations, & maintenance without incurring any financial investment.

Installation

While installing the solar system, our qualified staff adheres to a strict timetable with minimal disturbance. Our services also include cleaning and maintaining solar system during the PPA contract.

Businesses that can benefit from commercial rooftop solar

Are you from one of those industries?

Agriculture • Education • Government & Military • Healthcare • Small businesses • Manufacturing and distribution • Office buildings

Shams Power

We provide designing, financing, installation, monitoring, and ongoing maintenance as part of our services. If you want to fulfill your energy needs through a renewable source the solar power is the way forward. For more information, feel free to contact us here.[/vc_column_text][/vc_column][/vc_row]

Shams Power Limited, Pakistan’s leading solar energy developer and investor, has successfully closed a PKR 2 billion financing facility from Bank Alfalah with a partial credit guarantee covering 75 percent of the facility from GuarantCo, part of the Private Infrastructure Development Group (PIDG). This financing will support Shams Power for the construction of approximately 21 MW rooftop and ground-mounted solar plants at commercial, industrial, and institutional (e.g., university, hospital) sites across Pakistan to reach grid-connected users.

 

Bank Alfalah will provide Sham Power with the financing in the form of a 10-year term loan totalling PKR 2 billion that benefits from the Renewable Energy Refinancing Scheme set up by the State Bank of Pakistan. Shams Power and GuarantCo have also agreed on an additional partnership worth PKR 1.5 billion to support Shams Power’s further debt raising in 2022 to construct approximately another 21 MW of distributed solar plants.

 

The projects will improve the efficiency of Pakistan’s energy sector by generating clean energy near the point of consumption, which will reduce line losses and losses associated with the national grid and will stabilize the grid during peak hours. Shams Power helps reduce carbon emissions and positively impacts climate change mitigation by providing clean solar energy.

 

The deal could transform Pakistan’s rooftop solar market by demonstrating rooftop solar suppliers’ ability to access local debt financing. The transaction also builds the capacity of energy regulators and the SBP, allowing them to create a supportive and pragmatic regulatory and financial framework, and builds the capacity of new banks in this asset class. Shams Power also plans to continue training and hiring female engineers as the company grows.Shams Power aims to solarise Pakistan’s Commercial & Industrial sectors and offer a Build Operate Own and Transfer (BOOT) model to commercial, industrial and institutional customers.

 

Shams Power’s business model is to build and operate solar power systems at commercial, industrial, and institutional sites, serving the local private sector, including SMEs, through complete solutions under long-term (12-25 years) PPA or equipment sales deferred basis agreements. Being the pioneer in Power Purchase Agreement (PPA) based clean energy generation and BOOT model in Pakistan, Shams Power seeked growth opportunities to scale and successfully partnered with Bank Alfalah and GuarantCo as the expansion facilitators.

 

Business and institutional users will benefit from lower electricity costs through the rooftop systems installed without incurring any upfront capital expenditure. The proposed solution also increases users’ electricity reliability and reduces their reliance on backup diesel generators. Given climate considerations and business continuity reasons, Shams Power’s solution represents an efficient alternative to existing solutions. In addition, the transaction will lead to long-term job creation in the project value chain. It is expected that there will be over 60 local permanent jobs created by Shams Power.

 

Signing ceremony attended by: Saad ur Rahman Khan, Group Head, Corporate, Investment Banking, and International Business Group Bank Alfalah (left); Atif Bajwa, CEO Bank Alfalah (middle); Omar Malik, CEO Shams Power (right); Asif Elahi, Partner Capital Resource and Emily Bushby, Interim CEO GuarantCo (virtual)

 

Omar Malik, CEO of Shams Power, said: “We are delighted to have successfully completed this landmark transaction. This will enable Shams Power to expand our portfolio of high-quality projects across the C&I sector and extend our renewable energy footprint. These projects will enable our clients to reduce their carbon emissions, meet sustainability targets, and reduce costs of production. They will also generate employment during construction. GuarantCo’s credit guarantee and Bank Alfalah’s tremendous support were critical in making this possible.”

 

Emily Bushby, Interim CEO of GuarantCo, said: “The innovative financing mechanism for this transaction has the potential to drive significant growth in the rooftop solar market in Pakistan. The model is scalable, replicable and the need for guarantee support will hopefully reduce over time. This transaction supports Pakistan’s commitments to decarbonise its power sector and to meet GuarantCo’s mission of mobilising new sources of local currency financing. Through our transaction with Shams Power, we will support Pakistan in its ambition to provide economical, clean and consistent energy supply to businesses and gradually shift towards renewable energy supply and improve energy access, involving the private sector and local currency financing.”

 

Atif Bajwa, CEO of Bank Alfalah, said: “While Bank Alfalah is at the forefront of facilitating our clients’ energy needs, this is a first of its kind distributed solar model of such magnitude for the Bank. Successful execution of this model will not only set up a framework for future distributed solar projects to follow, but will also pave way for numerous businesses to achieve significant energy savings with minimal capital expenditure. In line with Bank Alfalah’s Green Banking policy, Bank Alfalah remains committed towards renewable energy financing and is proud to play its part in reducing carbon footprint across Pakistan and combating climate change. We would also like to applaud State Bank of Pakistan’s Financing Scheme for Renewable Energy which is encouraging investments and taking us a step closer to achieving the government’s clean energy vision.

 

Asif Elahi, Partner of Capital Resource, said “We are thrilled to have had the opportunity of supporting Shams Power in achieving their financing objectives. There has been exponential growth in roof top solar power in regional countries with us lagging behind. The credit enhancement and financing support from GuarantCo and Bank Alfalah teams will go a long way in helping bridge this gap allowing Shams Power to become the leading distributed solar company in Pakistan.”

 

Press Contacts

Shams Power Limited Irteza Ubaid Head of Business Development +92 341 7426777 irteza.ubaid@shams-power.com

Shams Power Limited Salman Khan Business Analyst +92 345 7037678 salman.khan@shams-power.com

Pakistan has recently seen a rising trend in the Solar PPA contract for its commercial and industrial sectors.  PPA, is an energy-efficient solar solution contract, has reduced the commercial and industrial sector’s burden in managing and maintaining solar systems.

With such solar financing options, corporates are free from enduring renewable energy maintenance costs. Moreover, they can take advantage of building an entirely customizable panel installation under the BOOT Model (Built, Own, Operate, and Transfer).

Hence, PPA with BOOT Model is coming out as a feasible option for solar energy-seeking enterprises where capital investment was a barrier. It allows companies to obtain solar grid solutions using the Solar PPA Model with no CAPEX or OPEX.

Large Commercial and Industrial (C&Is) sectors may now develop, acquire, and receive comprehensive assistance ranging from design, procurement, construction, installation, and operations & maintenance with the help of emerging solar energy companies in Pakistan.

Without any upfront operational cost, the firms get to pay a fixed, affordable price of electricity on discounted tariff rates for long- and short-term tenure.

The Rise Of Third-Party Ownership With PPA 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.

Advantages of Power Purchase Agreement using BOOT Model

Solar renewable energy in Pakistan is gaining great popularity in the Commercial & Industrial sectors due to its reliability and sustainability. Following are some benefits of the Solar Power Purchase Agreement, which are enabling corporates to adopt a greener option:

• Easy Transfer of ownership

Now prolong your energy saving with the option to own the system at the end of the agreement.

• No Maintenance and operations

During the tenure of the agreement, the solar energy provider holds the responsibility of maintaining and leading the operations with its – expert team.

The live online monitoring by the team controls and maintains plant’s efficiency. It reports all problems and sends the specialized teams for on-spot maintenance. The team is always in constant communication with the client and takes swift actions to prevent any issues.

• No Upfront Cost

With a Power Purchase Agreement, you pay zero financial investment and incur no operating and maintenance costs. Through this opportunity, you can utilize your energy mix at its optimum level.

• No-Risk

The solar PPA model removes any CAPEX responsibility, so it reduces cost with zero risk.

Solar Project Financing With Shams Power

Shams Power, Pakistan’s largest growing solar energy PPA provider, offers rooftop, carport, and solar structure systems without requiring any upfront costs from the client. Our solar PV system helps the clients offset the electricity bill by providing them the power at discounted tariff rates.

When it comes to Solar Financing, we continuously adopt the best proactive approach towards operating and maintaining the solar system. We always practice advanced technology in our projects and use data analytics tools and digital dashboards for control and monitoring.

Our robust support regime equips all essential SOPs and QHSE requirements. Furthermore, we ensure the execution of all safety precautions and handle all the procedures with excellence.

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.

Shams Power: Pakistan’s leading Solar PPA Provider using BOOT Model

We aim to take Pakistan one step closer towards a sustainable green energy future. With our advanced technology and market insight, we encourage solar installations on an industrial scale.

If you are also looking for a solar energy company in Pakistan, we can help you out. Call us at (+92) 301 4246111 or email us at sales@shams-power.com for any query or information.