Sky-high power prices are fueling a massive solar buildout in Pakistan. Solar imports from China so far this year have already outstripped imports across all of last year, Bloomberg reports. Panels purchased in 2024 amount to 17 gigawatts of capacity, enough to raise Pakistan''s total power capacity by a third.
Moreover, this proposed policy change undermines Pakistan''s efforts to promote renewable energy and reduce carbon emissions. The current net metering system has facilitated a rapid increase in rooftop solar installations, contributing to a
Declining solar panel prices, coupled with skyrocketing grid electricity tariffs that have increased by 155% over three years, are fuelling a rush in renewable energy adoption in Pakistan, with solar power leading the way. The country is
The solar surge is driven by high local electricity costs. At 16.6 cents per kilowatt-hour, Pakistan''s electricity rate for businesses is 37 percent higher than its neighbor India, and more than
Moreover, this proposed policy change undermines Pakistan''s efforts to promote renewable energy and reduce carbon emissions. The current net metering system has facilitated a rapid increase in rooftop solar
Pakistan has grown its solar energy capacity by an astounding amount in a remarkably short space of time. The shock surge has given residents the power to survive blackouts, but it threatens to
Market Outlook for Solar Energy in Pakistan. The rapid rise of solar energy in Pakistan is a direct response to the country''s ongoing energy crisis and the broader global shift toward renewable energy. According to InfoLink''s data, Pakistan''s solar module demand reached approximately 3.5 GW in 2023 and is expected to rise to between 6.5
Businesses in Pakistan are racing to cover their factory rooftops with ultra-cheap Chinese solar panels, after a surge in electricity prices that has made the state-owned power supply among
Businesses in Pakistan are racing to cover their factory rooftops with ultra-cheap Chinese solar panels, after a surge in electricity prices that has made the state-owned power supply among
Hassan as, an environmentalist, told DW that Pakistan could conceivably generate more than 2,900 gigawatts of solar power capacity. For reference, 1 gigawatt could power 110 million LED lights, according to the US Department of Energy.
The general public has already suffered a lot from increased electricity tariff and power cuts so some large-scale solar power plants need to be established in Pakistan. After evaluating the situation and considering the benefits of solar energy, some major initiatives have been taken recently by recent governments.
But the mass adoption of solar panels also risked making the power provided by the Pakistani grid “unaffordable”, Awais Leghari, the energy minister, told the Financial Times. “Demand is shrinking off the grid. That’s a big concern for us.”
Despite the federal government’s concern about its power network, the provincial government of Punjab, home to more than half of Pakistan’s 240mn population, announced in July that it would give away free or heavily subsidised solar panels for millions of citizens struggling with rising electricity bills.
Irteza Ubaid, chief operating officer of Shams Power, a Lahore-based importer, said that multinational companies in Pakistan, including Coca-Cola, Mondelez and Hyundai, are gobbling up the panels he imports from China, as they chase savings of up to 70 per cent on their electricity bills.
Akhtar is now ploughing a chunk of last year’s profits into importing another haul of panels from China to lift the share of solar supply to his operations to 80 per cent by next April, to blunt the impact of soaring tariffs for state-provided power. “It’s the only way we can beat our competitors” in China and India, he said.
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