Pakistan has become the third-largest importer of Chinese solar panels, purchasing 13 gigawatts in the first half of the current fiscal year.
This surge in imports has given a significant boost to Pakistan’s renewable energy sector. Solar panels now produce over 30% of the country’s total energy output, which reached 46 gigawatts in 2023.
The growing interest in solar energy is largely driven by consumers and businesses aiming to cut electricity costs. Over the past decade, solar panel prices have dropped by 90%, making them more affordable. Government initiatives, such as tax exemptions and net metering policies, have also played a big role in promoting solar power adoption.
Switching to solar energy brings many advantages. It reduces reliance on traditional energy sources, ensuring greater energy security for the country. It also creates jobs, encourages investment in green technologies, and helps protect the environment by lowering carbon emissions.
Pakistan’s increasing focus on solar energy shows its commitment to a cleaner, more sustainable future while addressing energy needs efficiently.
