Yingli announced on April 23rd that Pakistan's Parliament House will be powered by 1 megawatt (MW) of high efficiency multicrystalline Yingli Solar panels. The project was fully funded by the Chinese government, and was inaugurated by the leaders of China and Pakistan on Tuesday, April 21, 2015.
The Yingli Solar system is expected to generate approximately 1.6 million kilowatt-hours of solar electricity annually, offsetting approximately 2,500 tons of carbon dioxide emissions. It is anticipated that the system will be completed by the end of June 2015, and that it will reduce the building's electricity costs by up to Rs28 million (USD27 thousand) per annum. China Railway 17th Bureau Group Co., Ltd. is in charge of the engineering, procurement and construction of the project and the Company will supply its YGE 60 Cell Series panels for the project.
"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," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "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."
With abundant solar radiation resources and a severe electricity shortage, there is huge potential for solar energy in Pakistan, where the energy mix is currently dominated by oil and gas. Pakistan's government introduced a feed-in-tariff (FiT) scheme at the beginning of 2014, which applied to solar power plants of between 1 MW and 100 MW capacity with varying rates in the north and south of the country. The government also approved a net energy metering system, which allows solar panel purchasers to sell the power they produce to the national grid, at the end of 2014.