Solar power News and Updates.

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Solar-powered inverters ​

Recorder

LAHORE: Excessive panel imports have encouraged aggressive solar power system installations by consumers across the country to reduce their inflated power bills.

This was stated by Adil Mehmood, the former president of the Sheikhupura Chamber of Commerce & Industry, while sharing his views about solar industry.

According to him, solar panel dealers are busier than last year, while dealers of power generators and Uninterrupted Power Supply (UPS) have still been waiting for the buyers to turn up. A few years back, UPS used to rule the market when battery prices were also lower.

He said the corporate sector, industries, educational institutions and petrol pumps are also converting into solar systems to save overhead costs.

“In 2023, the imports of solar panels totalled 4,000 gigawatts (GW), but this figure has already been surpassed by a big margin in just few months,” he said, adding: “The consumers are benefiting from cheaper panels but are still waiting for a cut in battery and inverter prices as this would greatly help people install solar power system to overcome high electricity bills.”

He feared hike in inverter prices due to 30-40 percent increase in valuation of inverters. This may cause some problems for the solar industry as well as for those people who are planning to convert on solar system, he feared.

Welcoming the Punjab government announcement to provide solar panels to the people on this Independence Day, he said the government needs to help promote solarisation in the country by extending incentives or giving soft loans to both the people as well as industry. By converting industries on solar system, the industrial sector can grow significantly, he said, adding: “The government must facilitate in this regard and reduce valuation of inverters to achieve desired results.”

Copyright Business Recorder, 2024

Hike in prices of solar-powered inverters expected

LAHORE: Excessive panel imports have encouraged aggressive solar power system installations by consumers across the...

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200,000 families to get solar home system with 80pc subsidy: Murad​

Energy dept signs three framework agreements; solar panel with battery, one DC fan and three LED bulbs to cost Rs55,000.

 

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“The global photovoltaic industry is developing in full swing. China-Pakistan cooperation in related industries can make due contributions to the global response to climate change,” Ali Majid, Pakistan General Manager of LONGi, emphasized, “By providing high-quality solar panels and promoting sustainable energy solutions, we are aiding the country in achieving its renewable energy goals.”

A solar energy revolution is taking place across Pakistan.

Since July, Sindh Province has announced that it will promote 200,000 PV home systems across the province, and plans to build several large-scale photovoltaic projects, each with a capacity of 305 MW.

Balochistan’s PV conversion plan is proceeding in an orderly manner, which will help agricultural water wells switch from fossil fuel-driven to PV power generation, thereby reducing fuel costs and improving energy efficiency.

Since August, Punjab Province has also introduced a policy of free supply of PV modules. For citizens with electricity consumption of no more than 200 units, the policy allows them to obtain photovoltaic modules for free from August 14, while citizens with electricity consumption of more than 200 but no more than 500 units will have to pay 10% of the cost, and the remaining 90% of the cost will be borne by the government.

Under this policy, it is expected that the electricity cost burden of low-income households will be reduced by about 40%.