Hadron Solar
Key Highlights
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Technology Solar -
City Lahore
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Business type Scale-up
- 180 Investment raised with PFAN support (USD thousands)
- 18% Project IRR
- 2500 Installed capacity (MW)
- 1100 GHG mitigation impact (tonnes of CO2e/year)
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PPSE Advisor
Asif Elahi LinkedIn
Powering Pakistan’s Solar Revolution with PPSE’s Support
Operating since 2014, Hadron Solar has emerged as a leading provider of solar energy solutions in Pakistan, driven by a simple yet powerful vision: solar on every rooftop. With the global and local surge in solar adoption, the company is playing a pivotal role in democratizing access to clean energy across the country.
Hadron Solar offers a comprehensive range of renewable energy solutions spanning the entire solar energy spectrum. Serving agricultural, residential and corporate clients, the company has consistently demonstrated strong scalability and financial resilience. In the financial year 2020–21, it achieved a turnover of USD 1.65 million, maintaining positive gross margins.
VIDEO: Hadron Solar
Initially focused on the EPC (Engineering, Procurement and Construction) segment, Hadron Solar has since evolved to meet the growing demand for decentralized solar solutions. In recent years, the company began supplying solar equipment—such as panels, inverters and cables—directly to local installers. Through a proactive sales force, it reaches out to towns and cities across Pakistan, identifying and supporting installers who serve the mass market. By acting as a one-stop solution provider, Hadron Solar helps these partners streamline their operations, reduce costs and save time, accelerating solar adoption throughout the country.
A significant enabler of this growth has been PPSE/PFAN, which played a vital role in helping Hadron Solar prepare for and secure fundraising. PFAN provided strategic guidance, expert consultancy and access to critical financial tools. Their support included the structuring of a comprehensive financial plan and five-year projections, as well as preparing the company to meet the due diligence requirements of banks and investors. This process involved in-depth consultation with appointed experts who challenged and refined Hadron Solar’s approach, helping the team to articulate a compelling investment case.
“When it came to our project, you could feel that the PFAN Advisors they were looking after the project as if it was their own, constantly being in touch with us and helping us in overcoming any challenges”.
Crucially, PFAN opened doors to a network of relevant investors, resulting in secured debt funding that now supports Hadron Solar’s efforts to expand infrastructure, build teams and scale solar equipment sales. The partnership was marked by PFAN’s consistent engagement and genuine commitment, with advisors offering timely support and treating the project as their own.
Hadron Solar’s journey showcases the transformative impact that targeted support from organizations like PFAN and PPSE can have on clean energy startups in Pakistan. In a country known for its entrepreneurial spirit and resilience, Hadron Solar stands as a beacon of what’s possible when innovation is paired with the right resources and guidance. With continued collaboration, the company is well-positioned to play a defining role in Pakistan’s clean energy future.