Fully funded by the Chinese government, Yingli Solar announced that Pakistan’s Parliament House in Islamabad will be powered by 1 megawatt (MW) of high-efficiency multicrystalline Yingli Solar panels.
Inaugurated by the leaders of China and Pakistan on Tuesday, April 21, 2015, the new system is scheduled to be completed by the end of June 2015. Yingli Green Energy Holding Company Limited (NYSE: YGE), also known as “Yingli Solar,” is one of the world’s leading solar panel manufacturers. Yingli is supplying its YGE 60 Cell Series panels for the project, and China Railway 17th Bureau Group Co., Ltd. is in charge of the engineering, procurement, and construction.
Pakistan Parliament Going Yingli Green
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy announced, “We are delighted to make this breakthrough in Pakistan’s emerging solar market and help Pakistan’s Parliament House to go green alongside our partners.” Chairman Miao added, “It is an honor to contribute to these two countries’ efforts to strengthen their relationship, and this project is sure to help Yingli solidify its reputation and intensify its development in the market.”
Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 10 GW solar panels to customers worldwide. Yingli Green Energy’s manufacturing covers the solar photovoltaic value chain from ingot casting and wafering, through solar cell production and solar panel assembly.
The Yingli Solar system on the Pakistan Parliament House is expected to generate around 1.6 million kilowatt-hours of solar electricity per year. It is also anticipated that the new solar energy system will reduce the building’s electricity costs by as much as Rs28 million ($27,000) per year. Helping to mitigate global warming, the solar upgrade will result in around 2,500 tons of carbon dioxide emissions offset annually.
Pakistan’s Solar Transition is Making Progress
Although the current energy mix in Pakistan is predominantly oil and gas, the potential for solar energy generation in the country is huge. Recognizing Pakistan’s abundant solar radiation resources could help relieve the nation’s severe electricity shortage, Pakistan’s government introduced a feed-in-tariff (FiT) scheme at the beginning of 2014.
Applying to solar power plants from 1 MW to 100 MW capacity, there are varying rates specified by the FiT in the north and south of the country. The government of Pakistan also approved a net energy metering scheme at the end of 2014, which allows solar panel purchasers to sell the power they produce back to the national grid.
Picture credits: 1, Wikipedia commons. 2, Wikimapia.org. 3, na.gov.pk