GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to invest in small solar plants in Pakistan
Solar Power as the way forward to Tackle Energy Crises
Pakistan has primarily relied on non-renewable energy sources, particularly oil and gas, to satisfy its energy needs. Back in 2013, coal used to be the cheapest energy source, and Pakistan's energy infrastructure was based around coal-powered power plants. Due to the depletion of domestic reserves and price hikes in the international market, coal has become...
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Shams Power registers Pakistan’s first project with I-REC
Shams Power registers Pakistan's first project with The International REC Standard Foundation (I-REC Standard Foundation). Shams Power has navigated through the detailed process of registering its solar power projects to claim Renewable Energy Certificates. Pakistan has registered its first device at an unprecedented pace, demonstrating the potential for the RECs market. The I-REC Standard Foundation...
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A Commercial Solar Guide for Businesses who want to switch to Solar
Theoretically, most people can easily comprehend how solar PV cells generate energy. When sunlight shines on the solar panel, PV cells absorb it to create an electric charge. However, when it comes to getting a solar system, especially on a commercial scale, many doubts and questions may arise. For example: Are solar panels economically beneficial?...
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How Rooftop solar can Separate Economic Growth from Environment Deterioration?
Climate change is undeniably a real issue resulting from global warming. The global population is growing at a 1.1% annual rate. The United Nations predicts that by the end of the century, there will be more than 11 billion people on Earth. To meet the fundamental demands of this rising population, global GDP must increase...
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Top Reasons why producing solar energy is cheaper than coal-fired energy
As technology has evolved in the renewable energy sector, opting for solar energy has become increasingly common in industries where coal is the main source of power generation. Numerous studies have shown that electricity produced by coal-fired power plants is more expensive than electricity produced by solar energy. Moreover, solar energy is green energy which...
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Here is everything you need to know about the types of Solar Panels.
The rising global warming and climate change concerns encouraged world economies to probe into renewable energy sources. Due to the abundance and availability of solar irradiation, solar energy technology is being extensively researched and widely adopted. Hence, the Solar Panel System market has boomed since its creation in the middle of the 20th century because of its...
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Solar Power Performance Under Different Environmental Conditions
Solar Industry has experienced exponential innovation in technology over the past ten years. With every solar advancement, energy generation has become more efficient and the cost of solar systems has fallen making solar adoption more feasible. If a firm intends to install a solar power plant on its premises, it is essential to check for...
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Solar innovations: Changing the world for a sustainable future
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...
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