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Trina Solar Sees Growing Market for Solar in Pakistan

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LAHORE, Pakistan, Feb. 28, 2024 /PRNewswire/ — Pakistan’s increasing demand for solar energy is on the rise as both residences and businesses increasingly recognize solar power as a reliable and cost-efficient source of electricity.

According to Bloomberg New Energy Finance (BloombergNEF), Pakistan imported USD$1.11 billion worth of solar products from January to September 2023, equivalent to an estimated 4GW of modules. This coincides with the Private Power and Infrastructure Board (PPIB) releasing framework guidelines in September 2023 to expedite power purchase agreements for solar projects and integrate solar onto public building roofs.

In light of these developments, Trina Solar, a global leader in smart PV technology and energy storage solutions, anticipates substantial growth in the Pakistani market. This optimistic outlook is fueled by reforms in solar initiatives, fluctuating fuel prices, and rapid advancements in solar technology. The company’s foresight is supported not only by market dynamics but also by a strategic focus on reducing solar project Levelized Cost of Energy (LCOEs). The introduction of high-power modules, driven by technological breakthroughs like the 210mm n-type i-TOPCon Advanced technology, aligns with the Pakistani market’s preference for high-power output modules. Trina Solar is a pioneer in these technological advancements, foreseeing the industry’s transition into the 700W era.

As evidence of Trina Solar’s impactful presence in Pakistan’s energy sector, the company has undertaken projects across the country in various market segments, including residential, commercial and industrial (C&I), and utility scale. For instance, Trina Solar’s industry-leading 210mm Vertex modules were installed in FectoCement’s (FSEL) 5MW solar project in Islamabad and Asif Rice Mills’s 4MW rooftop solar project in Larkana. C&I installations encompass Packages Mall’s rooftop in Lahore and Fish Farm Variable Frequency Drive’s (VFD) Northern Bypass in Karachi.

Dave Wang, Subregional Head of Trina Solar Asia Pacific, emphasizes the company’s commitment to empowering diverse entities across Pakistan, fostering both economic prosperity and environmental stewardship. Wang states, “Our mission ‘Solar Energy for All’ propels our commitment to delivering industry-leading modules, enabling our customers to achieve ‘grid parity’, making it more economical to generate electricity from solar modules than to rely solely on the conventional grid.”

Wang underscores the significant impact on households and businesses, noting, “Reducing the cost of electricity makes a substantial difference, especially given the recent surge in electricity prices over the last 18 months, driven by high fuel prices and general inflation. Additionally, residences and businesses in areas experiencing prolonged power blackouts can now tap into an alternative source of electricity rather than relying solely on the grid.”

To illustrate the financial benefits, Wang provides an example of a residential household with a monthly electricity consumption of 500 units, resulting in a monthly bill of approximately Rs. 20,000. If the homeowner invests in a 5kW system generating 6200 units at a cost of Rs. 900,000, the potential annual savings of Rs. 341,000 annually. In this scenario, the modules would essentially cover their own costs within 2-3 years.

The adoption of solar is most prominent in major cities like Islamabad, Karachi, and Lahore, driven by higher population density and increased awareness of solar module technology. Larger cities also benefit from multiple installers, providing a range of options, reflecting the growing interest and recognition of the benefits of solar energy in densely populated urban areas.

Building on this momentum, Trina Solar is poised to take center stage at the Solar Pakistan exhibition in Lahore (27-29 February), where it will showcase its latest Vertex N range of 210mm modules, powered by n-type i-TOPCon Advanced cell technology, as well as its energy storage systems, demonstrating its ability to provide integrated smart PV solutions.

Trina Solar will launch in Pakistan the Vertex N 720W (Vertex N NEG21C.20), an n-type i-TOPCon bifacial dual glass module which offers maximum module efficiency of 23.2%, designed for compatibility with existing mainstream system components. It features super multi-busbar (SMBB) technology for better light trapping effect, lower series resistance and improved current collection. The module is most suitable for utility projects.

Other modules on display include the:

Vertex N NEG19RC.20, a 620W bifacial dual glass module with maximum efficiency of 23.1%;Vertex N NEG20C.20, a 645W bifacial dual glass module with maximum efficiency of 22.8%;Vertex DE19R, a mono-facial 585W monocrystalline module with efficiency up to 21.6%.

Besides featuring the latest technology in the market, Trina Solar’s Vertex modules are also showcasing cutting-edge technology tailored to withstand Pakistan’s diverse climate. Rigorous performance trials, including static mechanical load testing, non-uniform snow-load testing, extreme low-temperature mechanical load testing, hail testing, extreme dynamic mechanical load (DML) testing and extreme wind tunnel testing, ensure the modules’ resilience against the harshest elements. This robust testing protocol not only aligns with the specific extreme weather challenges in Pakistan but also guarantees the reliability and durability of Trina Solar modules under varying climatic conditions. Certifications from globally renowned third-party organizations such as UL in North America and TUV Rhineland in Europe affirm their quality and performance.

As part of its comprehensive suite of renewable energy solutions, Trina Solar will also showcase for the first time in Pakistan the latest TrinaStorage product, Elementa 2, a 4.07MWh capacity energy storage system designed for utility-scale projects. It features Trina’s proprietary 306Ah lithium iron phosphate (LFP) cell which has an expected lifetime of 12,000 cycles. Its highly integrated design not only reduces footprint, but also demonstrates intelligent management of its liquid cooling system and rack-level battery management. Backed by a significant in-house battery cell manufacturing capacity, TrinaStorage has emerged as a Tier 1 Global Energy Storage provider, providing independent power producers (IPPs) with containerized storage solutions, positioning it as an indispensable partner for EPCs and developers.

In summary, Trina Solar’s presence in Pakistan signifies a milestone in advancing renewable energy solutions. With cutting-edge technologies showcased at the Solar Pakistan exhibition, including high-power modules and the innovative TrinaStorage Elementa 2, Trina Solar reaffirms its commitment to becoming a total solutions provider for renewable energy.

Trina Solar’s stand at Solar Pakistan is in Hall 1 booth B1-7.

About Trina Solar

Founded in 1997, Trina Solar Co., Ltd. (stock symbol: Trina Solar; stock code: 688599) is mainly engaged in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy mainly comprises PV power generation and operation & maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. With the strategic goal of “Creating a new industrial ecosystem led by Trina Solar, and promoting Trina Solar as a leader in smart PV and energy storage solutions “, we are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trina Solar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It is the first PV and energy storage company that has gone public on the STAR Market providing PV products and systems, as well as smart energy.

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SOURCE Trina Solar Energy Development Pte. Ltd.

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/amy-johnson-appointed-president-of-gdit-302918411.html

SOURCE General Dynamics

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