Chinese solar power giant promoting green transformation during Solar Pakistan 2022
LAHORE, Mar 31 (Gwadar Pro)-On March 28, Sungrow Power Supply Co., Ltd., the global leading inverter solution supplier for renewable energy, showcased the latest PV and energy storage product solutions at Solar Pakistan Expo 2022 in Lahore.
Besides, the solar power giant a 100MW contract with its reliable partner Energy for You, furthering its commitment to renewable energy and fueling the national transition to a low carbon economy.
Sungrow also launched two significant products: the ultra-powerful SG350HX and the brand-new generation three-phase C&I inverter SG125CX onsite, which can better explore Pakistan's tremendous potential to generate power from renewable sources.
Pakistan is a perfect place to develop solar power due to its high levels of solar irradiation, and the government also enacts Indicative Generation Capacity Expansion Plan 2021-2030 to facilitate the renewable energy transition. Up to now, 60 percent of Pakistan’s electricity comes from expensive imported fossil fuels and coal. Expanding renewable energy can help Pakistan save about US$ 5 billion in the next two decades. Beyond that, the development of the PV industry has excellent natural conditions in Pakistan, for instance, solar irradiance in Pakistan is 5.3 kWh/m2/day, which means inexhaustible resource for PV power generation. “To help meet Pakistan's targets of clean and green energy, Sungrow expands its cooperation capacity with local distributors to better empower small and medium enterprises (SMEs) as well as the emerging residential users. The upcoming 100MW sales contract helps provide more clean power for local users in Pakistan,” said Howard Fu, Country Director of Sungrow Pakistan, in an interview with Gwadar Pro.
Since entering the Pakistan market in 2015, Sungrow has made great contributions to the development of the China-Pakistan Economic Corridor. It provided inverters for the Zonergy 900MW Solar Power Project, as well as Pakistan's largest cement plant and first plant energy storage system. In 2020, Sungrow won the bid for the photovoltaic construction project of the Presidential Palace of Pakistan to install PV products for the presidential office. At present, it has established a good cooperative relationship with the Pakistani government and many local power enterprises. Sungrow will spare no effort to contribute to CPEC.
Considering both the development of the enterprise and the actual situation in Pakistan, the high local electricity price and the wide distribution of small roofs are the prerequisites for vigorously developing the photovoltaic industry, Fu emphasized. “As a pivotal player taking the first place in market share in Pakistan, we keep bringing forth innovations that address diverse applications with lower levelized cost of energy (LCOE),” Howard Fu told Gwadar Pro, “at the same time, if we can build PV power stations next to factories with high electricity consumption such as steel mills and cement plants, LCOE will be greatly reduced.”