On October 6, our company's inspection team arrived in Pakistan and officially commenced project cooperation negotiations with a leading local EPC contractor in the photovoltaic and energy storage sector. This marks a significant step in our company's expansion into the South Asian new energy market.
Pakistan has long been plagued by power shortages and high electricity prices. In recent years, photovoltaic installations have experienced explosive growth, and the consequent demand for energy storage is emerging as the next major opportunity. With adjustments to the net metering policy, local users are shifting from simply feeding electricity into the grid for sale to adopting a "solar + storage" model for self-consumption. As a result, energy storage has transitioned from being an "option" to a "necessity."
This negotiation has laid a solid foundation for our company's foray into the Pakistani energy storage market. We will continue to push forward the implementation of our cooperation and deliver high-quality new energy solutions to support the local energy transition, achieving mutual benefits and shared growth.
On October 6, our company's inspection team arrived in Pakistan and officially commenced project cooperation negotiations with a leading local EPC contractor in the photovoltaic and energy storage sector. This marks a significant step in our company's expansion into the South Asian new energy market.
Pakistan has long been plagued by power shortages and high electricity prices. In recent years, photovoltaic installations have experienced explosive growth, and the consequent demand for energy storage is emerging as the next major opportunity. With adjustments to the net metering policy, local users are shifting from simply feeding electricity into the grid for sale to adopting a "solar + storage" model for self-consumption. As a result, energy storage has transitioned from being an "option" to a "necessity."
This negotiation has laid a solid foundation for our company's foray into the Pakistani energy storage market. We will continue to push forward the implementation of our cooperation and deliver high-quality new energy solutions to support the local energy transition, achieving mutual benefits and shared growth.