The use of solar energy for producing electricity has proven to be the saving grace for mankind and our planet. As the world burns fossil fuels to satisfy its increasing electricity demands, the planet has become in a dangerous state, and if unchecked, we will have to face an even greater threat than Covid-19.
Hence, solar energy is a viable solution to rising air pollution. It is also a non-toxic method of producing energy. There were numerous companies that sought to provide the best solar solution for Pakistan. Among these, Reon Energy, the solar company in Pakistan, believes in continuously improving their solar solutions.
Pakistan's Solar Module For 2030
A lowering cost of solar modules and the numerous upcoming projects are likely to make the utility sector the most dominant segment in the Pakistani solar energy market during the forecast period.
A 30% share of Pakistan's electricity will be supplied by renewable sources by 2030, according to government targets. The government is developing solar power plants in the country as part of its Alternate Energy Development Board strategy to achieve these goals.
In the upcoming year, six solar power plants with a combined capacity of 430 MW are operational, and six others with a combined capacity of 460.8 MW are under planning, thus creating demand for solar energy in the power sector. Accordingly, the government is likely to develop more utility-scale projects that will increase its use of renewable energy.
Given the above, the utility sector is expected to dominate the Pakistani solar energy market during the forecasted period.
Predicted Solar Trends of Pakistan Solar Industry
A decline in solar energy projects took place all over the world due to the coronavirus pandemic. The cause of the blackout was a combination of many factors, including supply chain failures, lockdowns across the globe, etc. Nevertheless, we are hoping that the new year will bring new hope, and here are some trends we expect in the upcoming years:
· Solar modules to improve solar efficiency.
· Invention of solar cars in the place of conventional cars.
· Pakistan and China's mutual investment in the solar industry of the country.
· Increase employment opportunities.
· Initiation of solar road projects.
Final Thoughts
Pakistan receives abundant solar energy throughout the year due to its high solar irradiance. Therefore, solar power from the most irradiated sites in the country can be exploited and foreign investments.
During the forecast period, Pakistan is expected to benefit from government programs and policies that will foster the growth of the solar energy market.