BEIJING: Pakistan’s demand for solar photovoltaics (PV) is skyrocketing as the country faces chronic power shortages and the aftermath of frequent floods. In August 2024 alone, China’s inverter exports to Pakistan reached 326 million yuan, a remarkable 429.04% year-on-year increase, according to the China Photovoltaic Industry Association (CPIA). Pakistan has emerged as the second-largest overseas market for Chinese PV modules, trailing only Europe.
The surge in demand is driven by Pakistan’s energy crisis, reliance on coal imports, rising electricity prices, and damage to power infrastructure. With solar panels becoming commonplace on rooftops across the country, Pakistan’s government aims to increase renewable energy’s share to 30% by 2030, with projected PV capacity reaching 26.9 GW by 2047.
