Pakistan is currently acknowledged as the sixth-largest solar market worldwide, propelled by an increasing dependence on renewable resources, particularly solar energy.
A recent document from the World Economic Forum (WEF) has emphasized this growth trajectory, indicating that Pakistan could assume a significant role in the global transition towards sustainable energy alternatives.
The nation’s favorable geographical characteristics, which provide over nine hours of sunlight each day in various regions, are deemed crucial to the swift expansion of solar energy. The World Bank estimates that by allocating just 0.071% of its land for solar photovoltaic (PV) installations, Pakistan could meet its complete electricity needs.
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In spite of these encouraging statistics, renewable resources—including solar, wind, and biomass—currently represent only 5.4% of Pakistan’s energy usage. The National Electric Power Regulatory Authority (NEPRA) reveals that hydropower contributes to 25% of the national energy mix, while fossil fuels make up a dominant 63%.
The WEF report identifies multiple external factors that are facilitating Pakistan’s significant progress in solar energy, chief among them being the notable drop in solar equipment prices due to China’s excess production of solar panels. Heavily relying on affordable imports to build its solar framework, Pakistan has risen to become the third-largest importer of solar goods from China.
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The increasing attractiveness of solar energy can be attributed to a blend of domestic challenges and international economic dynamics. Pakistan’s energy sector has encountered persistent issues, such as regulatory challenges, recurrent power interruptions, and unreliable energy suppliers. These problems have intensified the nation’s energy crisis, driving both the government and businesses to seek innovative solutions.
Transitioning to solar energy is perceived as a feasible solution for Pakistan’s energy dilemmas, offering potential benefits in addressing environmental concerns while reducing reliance on imported fuels. Solar energy is rapidly becoming a vital component of the country’s energy strategy, and experts suggest that other developing nations could glean valuable insights from Pakistan’s experience.
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