Day: January 4, 2024

Embrace Green Future – Growatt’s Highlights in 2023 and Outlook for 2024

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New-Growatt

As the new year ushers in, reflecting on the achievements, 2023 has been a milestone for Growatt, marked by moments of growth, transformation, and learning. According to S&P Global Commodity Insights, Growatt remains the global NO.1 residential inverter supplier. The company is also making great progress in C&I and large-scale PV plants, strengthening its position among the world’s top 4 PV inverter suppliers. Growatt also stood out in Pakistan, being the largest residential inverter supplier and achieving an impressive growth in C&I application. Growatt has achieved remarkable success in the…

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Renewables hit 55% of German electricity mix

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wind-power

Onshore and offshore wind sources accounted for 31.1% of power generated The share of electricity generated from renewable energies in the German grid load was 55% in 2023, according to the electricity market data platform of the Federal Network Agency. Wind turbines made the biggest contribution to this – especially on land. Onshore and offshore installations together accounted for a share of 31.1% of the electricity generated. Photovoltaics covered 12.1% and biomass 8.4%. The remaining 3.4% was accounted for by hydropower and other renewables. Overall, generation from renewable energies in 2023 amounted…

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600MW wind, solar projects: PFREF moves army chief

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solar-panel

ISLAMABAD: Pakistan Foreign Renewable Energy Forum (PFREF) has approached Army Chief General Syed Asim Munir for resolution of long pending issue of 13 wind and solar projects of 600 MWp with an investment of $ 600 million. In a letter to the COAS, President of (PFREF), Mustafa Abdulla has praised Gen Asim for his untiring efforts to remove bureaucratic hurdles to bring Pakistan back to new heights economically and financially. The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has constituted an inter-ministerial panel to holistically review the…

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Prospects of KE shares transfer to new buyers ‘unclear’

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k-electric

ISLAMABAD: The prospects of transfer of shares of K-Electric (KE) to new buyers are reportedly unclear as the federal government has directed its legal team to maintain status quo in Sindh High Court (SHC). Background interviews with circles aware of developments in the matter revealed that the legal team recently informed the government that they have succeeded in maintaining status quo in SHC as per the directions. A committee comprising caretaker Minister for Power, caretaker Minister for Privatisation and caretaker Minister for Law and Justice was constituted on 9th October…

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Ministries violate cabinet directive

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Power-generation

Release Rs131b to state-owned power companies without recovering dues ISLAMABAD: The interim government has violated a decision of the federal cabinet, failing to recover approximately Rs95 billion from publicly-owned power sector companies. Instead, it released Rs131 billion without first deducting its receivables. This failure by two ministries to implement the cabinet’s decision has resulted in a higher level of budget deficit for the first half of the fiscal year. Recovering loans and cash dividends could have helped maintain a marginally lower overall budget deficit. Sources revealed to The Express Tribune…

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