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 GuarantCo, part of the Private Infrastructure Development Group (PIDG), and Bank Alfalah have provided Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to support... Read more
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... Read more
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... Read more
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?... Read more
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... Read more
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... Read more
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... Read more
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... Read more
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... Read more
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... Read more