Chinese Supplier Signs Memorandum of Understanding to Supply Photovoltaic Module
Islamabad: The Chinese supplier has signed a memorandum of understanding with Pakistan’s Integra Solar to supply a photovoltaic (PV) module.
According to the MoU, C&D Clean Energy will provide Integra Pakistan with integrated 100MW solar module supply chain services in 2022.
Recently, C&D Clean Energy announced a partnership with Integra Solar for panel supply chain services, China Economic Net (CEN) reported on Friday.
“Integra’s value concept is to write the earth’s green future by choosing high quality products, and we are in line with C&D Clean Energy on this,” commented Mahmood Tahir, CEO of Integra. Solar Pakistan.
“We are honored to find a global supply chain partner like C&D Clean Energy, a Fortune 500 company, in a global solar energy market that demands high flexibility and competitiveness.
The comprehensive supply chain services provided by C&D Clean Energy have given us more competitive advantages in developing new energy businesses.
C&D Clean Energy’s Managing Director, Michael K. Lee, extended his congratulations online at the MOU signing ceremony, adding, “It is an honor to partner with Integra and play a role in this green and low-carbon cooperation.
Integra has developed extensive cooperation with C&D Clean Energy on inverters and solar modules over the past year and we will continue to support the company with integrated and value-added supply chain services in the future, expanding our cooperation in Pakistan and other parts of the world to make joint contributions to global green and low-carbon development.
According to the power generation capacity expansion plan released by the National Electric Power Regulatory Authority, Pakistan (NEPRA), it is estimated that by 2030, Pakistan’s installed PV capacity will reach 12.8 GW, and d ‘by 2047, this figure will reach 26.9 GW, providing broad market space for the development of solar photovoltaic (PV) convert solar energy into direct current electricity.
“Expanding solar and wind power generation will enhance Pakistan’s electricity supply security and put Pakistan at the forefront of the global energy transition,” said Najy Benhassine, Country Director for Pakistan. for the South Asia region at the World Bank. Pakistan this month launched a new tender for photovoltaic and wind projects, aiming to further increase the share of clean electricity in the country’s current energy mix to 61%.
Shah Jahan Mirza, CEO of Pakistan Alternative Energy Development Board (AEDB) emphasized, “We are already on track to achieve our goal of adding 7,000 MW of installed PV capacity by 2030.”
Undoubtedly, this opens another bright path for China-Pakistan cooperation in new energy.