Thin-film technology Vs conventional solar cells

on 23/10/2024

Significant progress has been made in thin-film solar technology, which has completely changed the solar energy market. By solving major issues with conventional photovoltaic technologies, these advancements concentrate on developing solar panels that are more lightweight, less costly, and more efficient. A noteworthy innovation is the creation of thin-film materials that are fundamentally lighter than traditional silicon-based solar panels. Because of its less weight, thin-film solar is now a more accessible and adaptable solution for a wider range of applications. This has significant consequences for installation, transport, and overall structural requirements. The pursuit of reduced expenses in the generation of solar energy has propelled advancements in thin-film technology. Thin-film solar modules are produced with less material and with less complicated manufacturing techniques than conventional silicon-based solar panels. As a result, production costs are lowered, increasing the affordability of producing thin-film solar panels. Thin-film technology’s cost advantages add to solar power’s overall affordability, making it a more competitive and practical choice for both industrial and household uses.
Advanced thin-film solar technology is primarily focused on increasing efficiency. Comparing early thin-film technologies to conventional silicon-based solar cells revealed poorer efficiency. Nonetheless, continuous research and development have resulted in notable improvements in thin-film material efficiency. The structure and composition of thin-film layers can be optimized by researchers to enhance electron generation and light absorption, hence raising the total efficiency of thin-film solar panels. Thinning-film technology is now more efficient than conventional solar cells thanks to these developments. One important characteristic that makes thin-film solar materials so popular is their flexibility. Plastics and metal foils are common flexible substrates used in the fabrication of thin-film solar panels. Due to its adaptability, solar modules can now be made that are lightweight and flexible, creating new opportunities for solar integration into atypical surfaces and structures. The prospective uses of solar energy can be expanded by incorporating flexible thin-film solar panels into wearable technology, building-integrated photovoltaics, and curved surfaces.
In solar technology, resistance, and durability are important factors, and developments in thin-film technology have addressed these issues. Advances in thin-film encapsulation methods shield solar cells from external elements like humidity, ultraviolet light, and temperature changes. Improved durability guarantees a longer working life for thin-film solar panels, which lowers the need for periodic replacements and adds to the viability of solar energy systems. One of thin-film solar technology’s main benefits for large-scale solar installations is its scalability. Large-scale and high-throughput production is possible with thin-film modules since they can be produced in continuous rolls. This scalability makes it easier to install thin-film solar panels in utility-scale solar power plants, where large amounts of clean energy may be produced by utilizing the efficiency and affordability of thin-film technology. Global solar energy capacity is expected to continue growing due to thin-film solar’s scalability.
Thin-film technology has become even more efficient and performs better since new materials have been included. Thin-film solar cell absorber materials and sophisticated semiconductors have been developed as a result of advances in materials science. Expanding the limits of thin-film solar technology, technologies including organic photovoltaic materials, copper indium gallium selenide, and cadmium telluride have shown increased stability and efficiency. Thin-film solar panel manufacturing techniques have evolved to be more ecologically friendly. Reducing the use of harmful materials and putting recycling schemes for solar panels that have reached the end of their useful life are two steps in the transition to greener production techniques. The environmentally benign features of thin-film manufacturing add to the sustainability profile of this technology as environmental concerns become more and more important in the implementation of renewable energy sources. The payback periods for solar systems have shortened as a result of developments in thin-film solar technology. The energy payback period, which measures how long it takes a solar panel to produce as much energy as was required in its manufacture, has been getting shorter as thin-film performance and manufacturing processes have improved. The overall environmental advantages of thin-film solar panels are increased by a shorter payback period.
One noteworthy development in thin-film solar technology is integration with building materials. Windows, facades, roofing materials, and other construction components can all use thin-film solar cells. This integration makes it possible for solar energy generation to be seamlessly included into building architecture, thus advancing the idea of solar-integrated design. At the same time as producing sustainable energy, thin-film solar components can improve a building’s visual attractiveness. The market is now more competitive as a result of thin-film solar technologies’ commercialization. Thin-film solar panels are capturing more of the world’s solar business as they grow more affordable when compared to conventional solar technologies. Thin-film solar’s growing market share is stimulating additional research and development, which is accelerating the rate of technological progress in the industry. Research and development are still vital for the advancement of thin-film solar technology. The goal of ongoing work in materials science, engineering, and production procedures is to further increase the thin-film solar materials’ durability, efficiency, and adaptability. Research institutions, industry participants, and governments working together to launch collaborative initiatives create a vibrant ecosystem that supports ongoing advancements in thin-film solar technology. Thin-film solar’s future holds potential for ever lighter, more affordable, and more efficient solar energy solutions as research advances, hence enhancing its significance in the world’s shift to sustainable energy sources.

Pakistani to benefit from Belarusian agricultural machinery to enhance mechanization, productivity

on 23/10/2024

A high-level delegation from the Republic of Belarus met with the President and CEO of Zarai Taraqiati Bank Limited (ZTBL) at the bank’s head office in Islamabad. The delegation included Sergei Stolyarchuk, Chairman of the Bank of Development of Belarus; Vadim Shagoiko, Deputy Minister of Agriculture and Food; and Ilya Kanapliou, Trade Counsellor at the Belarusian Embassy in Pakistan.
ZTBL’s President/CEO, Tahir Yaqoob Bhatti, warmly welcomed the Belarusian delegation. During their discussions, the delegation shared detailed insights into Belarus’s agriculture sector, a vital component of the country’s economy. They emphasized that agricultural and livestock exports are significant contributors to Belarus’s foreign exchange earnings, showcasing strengths in agricultural mechanization, heavy machinery production, and livestock development. Belarus is particularly recognized for its advanced farming practices and high-quality agricultural machinery, including tractors.
The Belarusian representatives proposed potential collaboration with ZTBL, suggesting that Pakistani farmers could benefit from Belarusian agricultural machinery to enhance mechanization and productivity in Pakistan’s agriculture sector. They expressed a strong interest in investing in various projects in Pakistan and indicated that they would share a detailed proposal with ZTBL.
In response, President/CEO Bhatti presented an overview of Pakistan’s agriculture sector and ZTBL’s crucial role in supporting small and subsistence farmers. He highlighted that ZTBL recently disbursed PKR 33 billion in agricultural loans under the Prime Minister’s Kissan Package, with over PKR 10 billion allocated for farm mechanization. He underscored ZTBL’s extensive outreach through more than 500 branches, supported by a dedicated team of Mobile Credit Officers and Branch Managers who provide financial and advisory services directly to farmers.
Both parties stressed the importance of further cooperation, particularly in introducing Belarusian agricultural machinery to Pakistani farmers. Bhatti reaffirmed ZTBL’s commitment to exploring joint ventures, guided by the Ministry of Finance, the Ministry of National Food Security and Research, and the State Bank of Pakistan, aimed at uplifting small farmers and advancing the rural economy.
The meeting concluded with a mutual commitment to continue collaboration, leveraging ZTBL’s extensive network and Belarus’s expertise in agricultural technology and mechanization.

Bahra Electric, Pakistan Cables join hands to develop electrical products for energy sector

on 23/10/2024

Islamabad: Bahra Electric and Pakistan Cables Limited signed a Memorandum of Understanding to strengthen partnerships between the two organizations ushering a new era for collaboration in the industrial and energy sectors between the Kingdom of Saudi Arabia and Pakistan. The MoU was signed by Mr. Kareem Idriss, Deputy Chief Executive – Bahra Electric and Mr. Fahd K. Chinoy, CEO– Pakistan Cables at a signing ceremony in Islamabad on October 10th. The value of the MoU is estimated to be up to USD 100 million and is anticipated to contribute towards the strong economic relation between both the countries.
This was one of several MOUs signed during the visit of a Saudi delegation led by Honourable Mr. Khalid Bin Abdulaziz Al-Falih, Minister of Investment, Kingdom of Saudia Arabia.
The two sides agreed that Bahra Electric and Pakistan Cables will collaborate to develop electrical products for the energy sector, strengthen capabilities and supply chain resilience, and widen distribution networks. The two sides would continue to view the relationship between Bahra Electric and Pakistan Cables from a strategic and a long-term perspective, take effective measures to accelerate industrial development in the engineering and energy sectors, promote economic development and work together to jointly foster regional collaboration, and contribute towards building closer Pakistan-Saudi business relations
Bahra Electric is amongst the world largest cable manufacturers and is the fastest growing cable manufacturer in Saudi Arabia. Bahra Electirc boasts a wide product portfolio to serve the construction, electric utilities, distribution, industrial, oil & gas, and petro chemical sectors in Saudi, GCC and International Markets.
Pakistan Cables, is the pioneer of wires and cables industry in Pakistan. With an impressive history of over 7 decades, Pakistan Cables has the largest retail network in Pakistan across over 200 cities and town. It has recently enhanced capacity and added backward integration through its recent expansion in a world class modern manufacturing facility spread over 42 acres of land in Nooriabad, Sindh.
“We are very pleased today about the signing of the Memorandum of Understanding between Bahra Electric and Pakistan Cables which should pave the way for a comprehensive partnership. We see a fantastic window of opportunity for both the countries by leveraging on such partnerships which are critical to address rapid infrastructure developments for upgrading electrical grids and for liveable, sustainable, and smart cities. The objective of the MoU is to develop solutions for emerging energy market needs through globally recognised products and technologies and through improved industrial and business cooperation between our two countries.”, said the two companies in a joint statement.
About Bahra Electric, SA: Bahra Electric was established in 2008 as Bahra Cables. Initially focusing on establishing itself as the leading Wires and Cables manufacturer in the industry. The Company’s rapid growth and successive achievement has resulted in it becoming the 48th largest wire and cable company globally within the span of 8 years. Today, BE has a diversified product portfolio into several complementary electrical products, which now includes 11 main product lines serving our customers with their most important electrical needs.
About Pakistan Cables Ltd.: Founded in 1953, Pakistan Cables is the premiere and most reputable cable manufacturer in Pakistan. It is the first and oldest wires and cable manufacturer listed on the PSX since 1955. It is also a member company of the Amir S. Chinoy (ASC) group. The company has the largest geographical footprint in Pakistan with presence in over 180 cities. It is ISO9001:2015, ISO 14001:2015 AND OHSAS 18001:2007 certified and various cables type tested by KEMA, Netherlands. Pakistan Cables is the only building material company in Pakistan that has its carbon emission reduction targets approved and validated by SBTi. To learn more about Pakistan Cables Ltd.

Siemens Sells Energy Unit for Rs 17.8 Billion

on 23/10/2024

Siemens Pakistan Engineering Ltd (SPEL) has announced the approval of its board of directors to sell its energy business segment to Siemens Gamesa Renewable Energy (Pvt) Ltd, a non-affiliated entity, for approximately Rs 17.8 billion.
In a stock filing on Monday, SPEL reported that the net book value of the energy business as of the valuation date was around Rs 17.61 billion. This decision follows the 2020 spin-off of Siemens AG’s energy business and comes after the board’s in-principle approval during a meeting on March 10, 2023, communicated to stakeholders in a letter dated March 13, 2023.
On October 11, 2024, the board officially approved the sale, with a majority in favor, based on an independent fairness opinion from a global audit and consulting firm. The transaction is set to be executed on a going concern basis, meaning the business will continue to operate as usual under the new ownership.
The sale price of approximately Rs 17.82 billion is based on the valuation date of March 31, 2024. The final cash received and any gain or loss from the sale will be calculated based on the net book value as of the transaction’s closure date, along with other contractual terms.
The completion of this transaction is subject to shareholder and regulatory approvals.

Connecting Economies: A Call for Integrated Growth in the SCO Region:

on 23/10/2024

Prime Minister Shehbaz Sharif addressed the 23rd meeting of the Council of the Heads of Government (CHG) of the Shanghai Cooperation Organization (SCO) this week, emphasizing the critical role of a robust SCO in achieving sustainable development in the region. He underscored the importance of advancing a shared vision for an economically integrated area, advocating for investments in connectivity projects that transcend political considerations.
In his National Statement, the Prime Minister stated, “Pakistan firmly believes that a stronger, more effective SCO is essential to achieving sustainable development in our region. We must approach connectivity initiatives without the constraints of political agendas, focusing instead on enhancing our collective capacities.” He urged member states to collaborate towards building a well-integrated, prosperous region that would benefit all involved.
Sharif welcomed participating leaders for a group photo and highlighted the diverse collaborative efforts of the SCO, spanning areas such as academic exchanges, tourism, poverty alleviation, and the empowerment of women and youth. These initiatives reflect a collective determination to promote prosperity through unity.
Attendees at the summit included prominent leaders such as China’s Premier Li Qiang, Belarus’s Prime Minister Roman Golovchenko, Kazakhstan’s Prime Minister Olzhas Bektenov, Russia’s Prime Minister Mikhail Mishustin, Tajikistan’s Prime Minister Kohir Rasulzoda, Uzbekistan’s Prime Minister Abdulla Aripov, Kyrgyzstan’s Chairman of the Ministers’ Cabinet Zhaparov Akylbek, Iran’s Trade Minister Seyyed Mohammad Atabek, and India’s External Affairs Minister Subrahmanyam Jaishankar. Additionally, Mongolia participated as an Observer State, represented by Prime Minister Oyun-Erdene Luvsannamsrai, while Turkmenistan attended as a Special Guest with Deputy Chairman of the Cabinet of Ministers Rashid Meredov.
Prime Minister Shehbaz expressed support for ongoing SCO reforms aimed at modernizing the organization and enhancing the capabilities of the SCO Secretariat and the Regional Anti-Terrorist Structure. He reminded attendees that the essence of the SCO transcends mere political alliances and economic partnerships; it lies in the rich tapestry of cultures and the diversity of its people.
He reiterated Pakistan’s commitment to fostering people-to-people ties and cultural exchanges that help bridge divides and cultivate mutual understanding. “In unity and with shared purpose, we can build lasting legacies and enrich the future of all our nations,” he remarked.
Reflecting on Pakistan’s role as the chair of the SCO CHG last year, Sharif reaffirmed the nation’s dedication to regional peace, stability, enhanced connectivity, and sustainable socio-economic development as fundamental to the SCO’s progress. He noted that the joint communique from the meeting exemplified a shared commitment to fostering sustainable and inclusive economic growth while leveraging enhanced connectivity and green development strategies.
Highlighting several initiatives launched during Pakistan’s Chairmanship, he mentioned the SCO Economic Preference Base, increased cooperation among Trade Promotion Organizations, the Creative Economy framework, and the SCO New Economic Dialogue Program. “These initiatives chart a promising course,” he said, “but we must now transition to tangible actions through coordinated implementation to strengthen our cooperation in vital sectors such as trade and economy.”
Addressing the situation in Afghanistan, the Prime Minister pointed out that the country presents invaluable opportunities for trade and transit that could benefit all SCO member states. He stressed that a stable Afghanistan is essential for fully realizing these opportunities and called on the international community to provide urgent humanitarian support. He also urged the Afghan interim government to pursue political inclusivity and ensure that Afghan territory is not exploited for terrorism against neighboring nations.
Sharif emphasized the importance of investing in regional infrastructure—particularly in transport and energy—as indispensable for advancing economic integration. While supporting all SCO connectivity initiatives, he highlighted the need for a robust SCO connectivity framework that would not only enhance regional trade but also advance the vision of a connected Eurasia.
He called for the expansion of flagship projects like the Belt and Road Initiative (BRI), the China-Pakistan Economic Corridor (CPEC), and the International North-South Transport Corridor (INSTC), focusing on developing road, rail, and digital infrastructure to foster integration and cooperation across the region.
The Prime Minister also addressed the issue of poverty, assuring that Pakistan is committed to providing the necessary impetus to collective efforts aimed at addressing its root causes and improving the quality of life for all citizens.
On climate change, he described it as an “existential crisis” that transcends national borders, citing the devastating impact of the 2022 floods, which resulted in an economic loss of approximately $30 billion. He stressed the need for prioritizing environmental cooperation within the SCO to build resilience and secure a sustainable future for future generations.
Furthermore, Sharif condemned unilateral coercive measures and protectionist policies that contradict international law, arguing that they stifle economic growth, hinder technological advancement, and exacerbate inequality. He advocated for reforms in the global financial architecture and trade regimes to foster equitable global development.
In closing, he encouraged leaders to motivate their private sectors to create a conducive environment for business and investment within the SCO region. He praised the Pakistan Federation of Chambers of Commerce and Industry for its collaborative efforts with SCO External Ministers in Islamabad, facilitating productive dialogues that strengthen economic ties. He emphasized the importance of nurturing such initiatives to deepen economic cooperation and drive regional prosperity, commending the platforms provided by the SCO Interbank Union and the SCO Consortium of Economic Analytic Think Tanks for addressing banking challenges and conducting research on economic and trade dynamics.