Pakistan is tapping into solar power at an 'unprecedented' rate. Here's why
3 days ago
- #renewable-energy
- #Pakistan
- #solar-energy
- Pakistan is experiencing a solar power boom, becoming one of the world's largest markets for solar energy.
- The surge in solar adoption is driven by rising electricity costs, unreliable grid infrastructure, and frequent power outages.
- Affordable solar panels from China have made it easier for Pakistanis to switch to solar energy, reducing their electricity bills significantly.
- The government faces challenges as reduced grid demand affects financing, prompting plans to attract industrial users and provide targeted subsidies.
- New regulations, including a 10% tax on imported solar panels, may deter some from adopting solar, exacerbating financial burdens for those unable to switch.