Solar Industry Trends in Pakistan

In 2021, the total solar installations in Pakistan smashed all previous records, experts project another big year for the solar industry in Pakistan in 2022. Despite the year’s setbacks, solar power has remained resilient. Below are 5 projections MaxGreen has identified as upcoming trends in the upcoming years based on data we have compiled from different resources.

  1. Solar Power Will Continue to Grow, Even During the Pandemic
    The pandemic’s entry in 2020 challenged just about every business to innovate and adapt. While the solar industry had its own obstacles to bear, implementing stricter safety protocols and fine-tuning digital business practices made all the difference. For MaxGreen, implementing strict Covid-19 SOPs and a more digitalised approach in client dealings, was a large part of our success. Online consultations and load calculators took over the traditional consultation approach. Each month, we have seen an upward trend in the number of homeowners ready to take charge of their electricity.
  2. Next Decade Prediction for Solar Power in Pakistan
    Sources: Dawn News
    “The new alternative energy policy developed by the Alternate Energy Development Board is pushing for enhancing the share of renewables in the nation’s total energy mix from existing five per cent to 20 per cent by 2025 and to 30 per cent by 2030. The AEDB data shows it is pursuing 22 solar projects with a combined capacity of 890.8 megawatts, with six schemes having a capacity of 430MW already operational in the country (this is exclusive of solar capacity added by private sector and homeowners).”
  3. Effects of Climate Change Continues
    Drastic changes in temperatures due to climate change requires more usage of Air Conditioners and Fans to keep the population in a bearable environment. All major cities witnessed record-breaking hot weather with temperatures rising to their peak. While the effects of climate change don’t seem to be in control, for now, MaxGreen will continue to focus on enabling our country to be powered with more affordable, clean, green and smart energy.
  4. Energy Demand Rises
    The future of solar energy is here and it starts with homeowners getting more control over the power they generate through their solar panels. When extreme weather hits and leads to rolling blackouts from high demand and low supply of electricity, it makes sense that homeowners would want a solar alternate on their side. Many are already looking for a reliable backup system to be in more control of their energy consumption needs.
  5. Increasing Electricity Bills
    Rising electricity charges and tax tariff is further causing the population in Pakistan to re-evaluate their energy options, generally opting for more affordable solutions in the long run. This surge in electricity bills will further continue to motivate the residents to opt for Solar Energy.

Solar energy has become more mainstream globally and a lot of that is due to policies supporting its implementation. As a result, the decision to switch to solar power has become increasingly more affordable throughout the decade. We look forward to what the new year will bring, anticipating that it will end even better than it started. If you wish to be a part of the growing trend and enjoy its perks in upcoming years, contact us for a free consultation towards moving to clean, green, smart solar energy.

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