Solar Panel Manufacturing and Distribution

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Solar Panel Manufacturing and Distribution
Solar Panel Manufacturing and Distribution
For Household, Commercial And Industrial Consumption.
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Investment in Business to Customer (B2C) model as a distribution and installation network and/or in a Business-to-Business model (B2B) engaged in the manufacturing of solar panels. Examples of companies active in this space are:

Shams Power Limited, established in 2015, is Pakistan’s leading solar energy developer and investor. Pioneering the solar industry of Pakistan, the company has origins in a joint venture between Pakistan’s two leading energy companies, PITCO and Orient Operating Company. (10)

GuarantCo, part of the Private Infrastructure Development Group (PIDG) and Bank Alfalah, have provided Shams Power with a USD 11.3 million financing solution to support the construction of approximately 21 MW small rooftop and ground mounted solar plants at commercial, industrial and institutional sites across Pakistan to reach grid connected users. (11)

This transaction has the potential to transform the rooftop solar market in Pakistan by demonstrating the ability for rooftop solar providers to access debt funding locally; this will allow for developers to scale up to unlock more solar potential. (11)

Expected Impact

RE based electricity generation to serve household and commercial needs, ensuring sustainable energy generation and consumption practices

How is this information gathered?
Updated: 29 Apr, 2023 Date of Production: 19 Apr, 2023
Pakistan
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8) Sustainable Cities and Communities (SDG 11)

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Sector Sources
  • 1) AEDB (Alternative Energy Development Board). 2023. “Policy and Targets.” https://www.aedb.org/ae-technologies/solar-power/solar-investment/investment-opportunities. Accessed 28 March 2023. 2) UNDP (United Nations Development Programme). 2022. “Pakistan: Flood Damages and Economic Losses over USD 30 billion and Reconstruction Needs over USD 16 billion.” UNDP press releases. https://www.undp.org/pakistan/press-releases/pdna-pakistan-floods. Accessed 28 March 2023. 3) Babalola, F. D. 2010. "Harnessing Energy Crisis and Gender Empowerment: Impacts of Household Energy Consumption Pattern on Women's Welfare and Education." Paper presented at the International Conference organized by United Nations Girls' Education Initiative (UNGEI), Dakar, May 3-7. https://genderandsecurity.org/projects-resources/research/harnessing-energy-crisis-and-gender-empowerment-impacts-household-energy. Accessed 28 March 2023. 4) SDPI (Sustainable Development Policy Institute). 2022. “Role of Women in Energy and Climate Talks of Pakistan.” https://sdpi.org/role-of-women-in-energy-and-climate-talks-of-oipakistan/event_detail. Accessed 28 March 2023. 5) Sadiqa, A., and A. Gulagi. 2021. “Renewable Energy in Pakistan: Paving the Way Towards a Fully Renewables-based Energy System Across the Power, Heat, Transport and Desalination Sectors by 2050.” The Institution of Engineering and Technology. https://ietresearch.onlinelibrary.wiley.com/doi/10.1049/rpg2.12278. Accessed 28 March 2023. 6) IRENA (International Renewable Energy Agency). 2018. “Renewables Readiness Assessment: Pakistan.” International Renewable Energy Agency (IRENA), Abu Dhabi. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2018/Apr/IRENA_RRA_Pakistan_2018.pdf. Accessed 28 March 2023. 7) The World Bank. 2020. “Expanding Renewable Energy in Pakistan’s Electricity Mix.” https://www.worldbank.org/en/news/feature/2020/11/09/a-renewable-energy-future-for-pakistans-power-system. Accessed 28 March 2023. 8) UNECE (United Nations Economic Commission for Europe). https://unece.org/media/press/364526. 9) Detoc, M., and S. Bruel. 2020. “Intention to Participate in a COVID-19 Vaccine Clinical Trial and to Get Vaccinated Against COVID-19 in France During the pandemic.” Science Direct Volume 38, Issue 45, 21 October 2020, Pages 7002-7006. https://www.sciencedirect.com/science/article/pii/S0264410X20312019. Accessed 28 March 2023.
IOA Sources
  • 10) The World Bank. 2022. Renewable Energy Jobs and Sector Skills Mapping for Pakistan. Pakistan Sustainable Energy Series. Washington, DC: World Bank. https://openknowledge.worldbank.org/server/api/core/bitstreams/77000038-e113-511b-8630-eacbfcd5d789/content. Accessed 28 March 2023. 11) Kampen, M. V. 2022. “GuarantCo and Bank Alfalah Provides Shams Power with a PKR 2 billion (c. USD 11.3 million) Financing Solution to Invest in Small Solar Plants in Pakistan.” GuarantCo News. https://guarantco.com/news/guarantco-and-bank-alfalah-provide-strongshams-powerstrong-with-a-pkr-2-billion-c-usd-113-million-financing-solution-to-invest-in-small-solar-plants-in-pakistan/. Accessed 28 March 2023. 12) 2022. “Pakistan Solar Energy Market – Growth, Trends, COVID19 Impact, and Forecasts (2022-2027).” Pakistan Solar Energy Market Report. https://www.researchandmarkets.com/reports/5552651/pakistan-solar-energy-market-growth-trends. Accessed 14 April 2023. 13) Siddiqui, S. 2022. “$3.5m Raised to Produce Solar Panels Locally.” The Express Tribune. Accessed 14 April 2023. 14) ADB (Asian Development Bank). 2021. “The Islamic Republic of Pakistan: Renewable Energy Development Sector Investment Program.” https://www.adb.org/sites/default/files/evaluation-document/735646/files/pvr-2286.pdf. Accessed 28 March 2023. 15) PACRA (Pakistan Credit Rating Agency Limited). 2022. “Power Generation: Sector Study.” Accessed 14 April 2023. 16) SMEDA (Small and Medium Enterprises Development Authority). https://smeda.org/index.php?option=com_phocadownload&view=category&id=131:energy&Itemid=308. Accessed 14 April 2023. 17) The Nation. 2022. “Chinese Investment in Solar PV Plants in Pakistan Accounts for Nearly 87pc.” https://nation.com.pk/2022/07/17/chinese-investment-in-solar-pv-plants-in-pakistan-accounts-for-nearly-87pc/. Accessed 28 March 2023. 18) Omer, S., 2020. “Solar Is the Future, So Might as Well Hurry.” Pakistan Today. https://profit.pakistantoday.com.pk/2020/05/04/solar-is-the-future-so-might-as-well-hurry/ Accessed 14 April 2023. 19) Profit Pakistan Today. 2022. “Oil Import Bill Increased by 96% in 10MFY22.” https://profit.pakistantoday.com.pk/2022/07/17/oil-import-bill-increased-by-96-in-10mfy22/#:~:text=ISLAMABAD%3A%20The%20government%20imported%20oil,the%20same%20period%20of%20FY21. Accessed 28 March 2023. 20) Federal SDGs Support Unit. 2021.“SDG Levels.” Pakistan SDGs Status Report. https://www.sdgpakistan.pk/uploads/pub/Pak_SDGs_Status_Report_2021.pdf Accessed 27 March 2023. 21) Ministry of Planning Development and Reform. 2014. Pakistan 2025. https://www.pc.gov.pk/uploads/vision2025/Pakistan-Vision-2025.pdf Accessed 14 April 2023. 22) Nelson, S., and A. Kuriakose. 2017. Gender and Renewable Energy: Entry Points for Women’s Livelihoods and Employment. https://www.cif.org/sites/default/files/gender_and_re_digital.pdf Accessed 28 March 2023. 23) Climate Transparency. 2020. Climate Transparency Report. https://www.climate-transparency.org/wp-content/uploads/2021/11/Pakistan-CP-2020.pdf Accessed 28 March 2023. 24) Business Recorder. 2022. “Imports Substitution: Removal of Gst on Solar Panels Welcomed. Local Manufacturing Demanded.” https://www.brecorder.com/news/40174764/imports-substitution-removal-of-gst-on-solar-panels-welcomed-local-manufacturing-demanded Accessed 28 March 2023. 25) Taylor. J. 2017. “Batteries Impose Hidden Environmental Costs for Wind and Solar Power.” Forbes. 17 August 2017. https://www.forbes.com/sites/jamestaylor/2017/08/17/batteries-impose-hidden-environmental-costs-for-wind-and-solar-power/?sh=2d084567b4e1 Accessed 28 March 2023. 26) The World Bank. 2022. “Renewable Energy Jobs and Sector Skills Mapping for Pakistan.” Pakistan Sustainable Energy Series. https://openknowledge.worldbank.org/bitstream/handle/10986/37610/P169313006705f0a10811d043b943d9b4ca.pdf?sequence=1&isAllowed=y Accessed 28 March 2023. 27) BOI (Board of Investment). 2018. https://business.gov.pk/search-reforms-by-department/ Accessed 28 March 2023. 28) SBP (State Bank of Pakistan). 2019. SBP Financing Scheme for Renewable Energy. https://www.sbp.org.pk/Incen-others/Rene.asp Accessed 27 March 2023. 29) Investment Department. Government of Sindh. 2022. “Fiscal Incentives.” https://sindhinvestment.gos.pk/federal-govt-incentives Accessed 28 March 2023. 30) IFC (International Finance Corporation). 2016. A Solar Developer’s Guide to Pakistan. Januray 2016. https://www.ifc.org/wps/wcm/connect/ab2db15c-52ec-439b-a319-0bdbf88ccdc0/IFC+-+Solar+Developer%27s+Guide+-+Web.pdf?MOD=AJPERES&CVID=l9tYV1t Accessed 28 March 2023.