July 14, 2014
After the successful sun2live installation set up on the rooftop of Lahore University of Managements Sciences (LUMS) in 2013, The meeco Group, through its Group company oursun Solar Power Limited, and LUMS pursue their cooperation by concluding another Power Purchase Agreement (PPA) amounting to 300 kWp. This new PV installation is expected to produce a minimum of 502.200 kWh per year, which shall thus save 43.18 tons of carbon dioxide annually.
oursun Solar Power Limited will be in charge of designing, developing and operating the PPA project while LUMS will, apart from buying the produced solar energy, closely monitor the efficiency of the project through a software platform bought by oursun Solar Power Limited.
The goal of this joint monitoring project is to analyse and enhance performance of PV installations.
Syed Saad Zafar, CEO of oursun Solar Power Limited declares: 'We are proud to have the worldwide renowned LUMS as our latest strategic partner in Research & Development. We will work together hands in hands towards further improvements of monitoring and reporting mechanisms.' He adds: 'We are hoping to generate valuable data with our software to produce forecasts, analyses and statistics that would be very useful for both companies as well as third parties such as investors.
In the near future, LUMS and oursun Solar Power Limited will also be working together on developing technologies such as improved inverters for their photovoltaic panels. Inverters are critical components for PV systems, therefore the cooperation between meeco's engineers and LUMS's top students and scholars is highly interesting and valuable.
About The meeco Group:
The meeco Group was consolidated in 2000 and oriented its main focus towards the energy sector. With world headquarters located in Zug, Switzerland, the group currently has over 50 employees working across 4 continents. Thanks to a structured but flexible approach based on its core competencies, meeco has delivered over 320 MW of clean, renewable energy solutions across four continents. The meeco Group accomplishes its mission by providing project developers, investors, governments, and private businesses with the services necessary for timely financing, installation, and operation of clean energy assets.
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