The solar panel market in Pakistan is seeing significant changes on January 24, 2024, tier 1 companies like Jinko, Myson, JA, and Longi are adjusting their rates and the A-grade solar panel prices have crossed the Rs. 44 per Watt mark. Karachi Port container clearance, continuous pre-booking trends, and the effect of a major strike also play their part in keeping the market movement agile. This blog post will give a detailed overview of the current prices, market trends, and upcoming projects in the solar panel industry of Pakistan. You can check out the latest solar panel prices here.
Key Takeaways
- The price of A-grade, tier 1 solar panels in Pakistan is Rs. 44 per Watt today, as of January 24, 2024.
- Myson, JA Kennedy, Zenshine, and Launch are offering the cheapest solar panels.
- The pre-booking trends have an impact on the market, and this will give us insight into how it is impacting prices and market dynamics.
- According to the update, Karachi Port will receive more containers on January 26. Major importers are expected to bring around 40 to 50 containers.
| Company | Panel Specifications | Rate (Rs. per Watt) |
|---|---|---|
| Myson | 540W A-grade Solar Panel | 44 |
| JA | 565W Single Glass A-Grade Documented | 47 |
| ZnShine | 545W Single Glass A-Grade Documented | 45 |
| JA | 540W Double Glass BiFicial | 52.5 |
| Longi | Longi HiMo 6 570 & 575W Single Glass | 51.5 |
| Jinko | N-Type 575A-Grade Single Glass | 53.5 |
| Canadian Topcon Solar | 575W Canadian Solar Panel | 53.5 |
| Canadian | 650W Canadian Solar Panel | 53 |
| Canadian | 550W Tier 1 Single Glass A-Grade Documented | 50 |
| Canadian | 545W Single Glass A-Grade | 49.5 |
| Canadian | 550W Single Glass A-Grade | 50 |
| Trina | 550W Tier 1 Solar Panel | 51.5 |
| Jinko | 550W,555W Single Glass A-Grade | 50 |
| Trina | 550W Single Glass A-Grade | 50 |
| Trina | 555W Single Glass A-Grade | 50 |
| JA | 540W Single Glass A-Grade | 47 |
| AKCOME | 730W Solar Panel | 60 |
Myson Solar Panel Rates
Myson 540W A-grade Solar Panel
- Rate: Rs. 44 per watt
JA Solar Panel Rates
JA 565W Single Glass A-Grade Documented
- Rate: Rs. 47 per watt
JA 540W Double Glass Bifacial
- Rate: Rs. 52.5 per watt
Longi Solar Panel Rates
Longi 560W Single Glass A-Grade Documented
- Rate: Rs. 51 per watt
Longi Hymo 6 570W and 575W Single Glass A-Grade Documented
- Rate: Rs. 51.5 per watt
Jinko and Canadian Solar Panel Rates
Jinko N-Type 575A-Grade Single Glass
- Rate: Rs. 53.5 per watt
Canadian Topcon Solar 575W
- Rate: Rs. 53.5 per watt
Canadian Solar Panel 650W
- Rate: Rs. 53 per watt
Canadian 550W Tier 1 Single Glass A-Grade Documented
- Rate: Rs. 50 per watt
Canadian 545W Single Glass A-Grade
- Rate: Rs. 49.5 per watt
Canadian 550W Single Glass A-Grade
- Rate: Rs. 50 per watt
Other Solar Panel Rates
Trina 550W Tier 1 Solar Panel
- Rate: Rs. 51.5 per watt
Trina 550W Single Glass A-Grade
- Rate: Rs. 50 per watt
Trina 555W Single Glass A-Grade
- Rate: Rs. 50 per watt
JA 540W Single Glass A-Grade
- Rate: Rs. 47 per watt
Solar Market Trends
- Impact of Boycott: The effect of the boycott is on prices, many companies slashed their rates as well.
- Upcoming Containers: More containers will come on the 2nd and 5th of February, which will also play a vital role in market dynamics.
Frequently Asked Questions
Q: What is the impact of the boycott on solar prices?
- A: Because of the boycott, prices are being impacted positively some companies have reduced their prices.
Q: What is the current situation of container clearance at Karachi Port?
- A: As of the 24th of January, 320 containers have been cleared and more are expected on January 26.
Q: Are any changes in solar panel rates expected soon?
- A: The market is dynamic, changes are supposed to come according to container arrivals and demand.