Chinese firms to promote renewable energy
“The lately closed three-day Pakistan Solar Exhibition provides a unique platform to build partnerships with local governments and private sectors to find innovative solutions,” said Chinese exhibitor Howard Fu.
At this expo, “we display product solutions dedicated to the local market, so as to further promote the development of renewable energy in Pakistan.” Howard, Pakistan Country Director of a Chinese power supplying company, had a bumper harvest at the show, signing a total of 100MW+ distribution deals.
The product portfolio displayed in the exhibition includes residential solar-plus-storage solutions, commercial and industrial solutions, and “1+X” Modular Inverter for utility-scale markets.
Pakistan is a fast-growing country with chronically tight energy supplies. It has a clear competitive advantage in photovoltaic (PV) power generation due to abundant light and land.
More people are choosing renewable energy because of its competitive leveled cost of electricity (LCOE).
The increasing influx of foreign investment into the solar market encouraged by the government is also bringing more technology to the country. Pakistan has invested billions of dollars in solar projects to encourage businesses and individuals to invest in solar power and increase the share of renewable energy to 60% by 2030.
Mark Gong, Sales Manager of another Chinese power company, was optimistic about the solar energy industry in Pakistan and expressed his strong determination to continue participating in such exhibitions and play his part in raising public awareness of solar energy options to advance solar energy in the country’s metropolises and non-matrix regions.
“China is a leading country in PV. Pakistan lacks an industrial base for photovoltaic products, while it, as the sixth most populous country in the world with a huge consumer market and abundant human resources, has the advantages to undertake industrial transfer from China,” remarked exhibitor Eric Zhao.
It was the second time Eric has attended the solar expo, and he feels the heat of market atmosphere even more.
THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET
Published in The Express Tribune, March 23rd, 2023.
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