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]