Friday, November 1, 2024

Here’s How Many Solar Panels have Pakistan Ordered from China in a Year?

Pakistan’s rapid shift to solar energy has been a significant development, with the country importing nearly 15 GW of solar panels from China over the last fiscal year, totaling a value of $2.1 billion. This solar investment, highlighted in a new study titled “The Great Solar Rush in Pakistan,” reflects a consumer-driven push towards renewable energy due to rising electricity costs.

In recent years, electricity tariffs have risen by 155 percent, prompting households and industries to adopt solar solutions to offset high energy costs. The surge in solar energy usage has already led to a 10.4 percent reduction in grid electricity demand, and this trend is expected to continue. Experts emphasize that this shift requires modernizing Pakistan’s grid infrastructure to support the growing demand for decentralized, off-grid solar power.

Lower battery prices are also driving the adoption of solar energy, making it essential for Pakistan to adapt its grid model to remain financially stable. Analysts from around the world view Pakistan’s solar adoption as unique, describing it as a “solar rush” driven by consumers rather than by policy mandates alone. Experts like Jenny Chase from Bloomberg NEF and Sohaib Malik from BayWa r.e. noted that Pakistan’s decentralized solar transition sets an example for other developing nations, such as Brazil, South Africa, and Nigeria.

As Pakistan continues to lead in solar imports, particularly from China, global experts recognize its renewable energy strategy as a promising model for other countries looking to adopt consumer-led, renewable energy solutions.

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