Latest news with #PakistanSolarAssociation
Business Recorder
29-05-2025
- Business
- Business Recorder
Jinko Solar launches Tiger Neo X20 Panel
LAHORE: Jinko Solar, one of the leading solar brands has launched its latest innovation — the Tiger Neo X20 panel — at a ceremony held at a local hotel. In his opening remarks, Faraz Muhammad Khan, Business Development & Sales Manager, emphasized Jinko Solar's global leadership with a presence in over 200 countries and over 350 GW of modules shipped worldwide. 'Jinko has held the #1 global ranking for six consecutive years, and in Pakistan, it remains the most trusted solar brand,' he noted. Shehan Talagala (Sales Director) and Faizan Hashmi (Key Account Head North) introduced the Tiger Neo X20, powered by HOT 3.0 N-type TOPCon technology. The guest speaker Waqas Mossa, Chairman of the Pakistan Solar Association, praised Jinko's continued support for Pakistan's energy goals. 'This launch shows Jinko's dedication to bringing world-class solar solutions and driving the country toward a sustainable, energy-secure future,' he said. Copyright Business Recorder, 2025
Express Tribune
18-03-2025
- Business
- Express Tribune
Net metering changes threaten solar industry
Listen to article Chairman of the Pakistan Solar Association (PSA), Waqas Moosa, has warned that proposed changes to net metering regulations will significantly impact the dynamics of the solar industry, particularly the residential and Small and Medium sized Enterprises (SMEs) sectors. The proposed regulations aim to extend the payback period for on-grid photovoltaic (PV) systems to around three years, compared to the current 1.5 years. In contrast, hybrid (solar + battery) systems with lithium-ion batteries already offer a payback period of under three years, with ongoing technological improvements expected to shorten this further. "We anticipate a surge in demand for solar + battery solutions in the coming months," Moosa said. However, he criticised the decision as detrimental to the country's power sector in the long run. The significant gap between the export rate of Rs10 and the Rs50-60 savings per unit from self-consumption will drive more consumers toward battery storage. "As customers realise the benefits of self-storage, many will extend their off-grid hours, reducing demand for DISCOs. This will lead to higher electricity prices for remaining consumers, disproportionately impacting lower-income householdsthe very group these policy changes claim to support," he explained. Moosa also condemned the lack of consultation with industry stakeholders, stating that abrupt policy changes could destabilise the market. "Equipment supply chains cannot be adjusted overnight. Traders with on-grid inventory will face losses, while prices for hybrid systems and batteries may spike," he said.
Express Tribune
18-03-2025
- Business
- Express Tribune
Solar panel prices fall after new government policy changes
Refuting rumours of new taxes on solar power, Minister for Power Awais Leghari stated that the government has no such plans in the near future. photo: file Listen to article Pakistan's solar industry is facing uncertainty following recent amendments to the net metering policy, with solar panel prices seeing a decline. As a result of these changes, consumers now find solar energy options more affordable, with prices dropping by Rs35,000 to Rs175,000. A 5 kW solar system now costs between Rs500,000 and Rs550,000, while larger systems like a 10 kW unit are priced above Rs800,000. The price reduction follows the government's decision to lower the buyback rate for solar net metering to Rs10 per unit and implement net billing for new consumers. The move aims to control rising grid electricity costs but has sparked criticism from industry leaders who argue it could negatively impact consumers and the solar sector. Meanwhile, the Pakistan Solar Association (PSA) has expressed concerns over the new regulations, particularly their impact on residential and small-to-medium enterprises (SMEs). PSA Chairman Waqas Moosa noted that the amendments will increase the payback period for on-grid solar systems from 1.5 years to around three years, making off-grid, hybrid solar systems more appealing. These hybrid systems, which often incorporate advanced lithium-ion batteries, offer shorter payback periods, potentially shifting demand away from grid-connected systems. The PSA has called on the government to engage more with industry stakeholders before finalising such policy changes, warning that the new approach could reduce grid demand and drive up electricity prices for remaining consumers.
