How to Invest in Nepal''s Solar Energy: 432 GW
Discover how to invest in Nepal''s 432 GW solar potential with 300+ sunny days, VAT exemptions, and 10-year tax holidays. Complete
For decades, Nepal has focused almost exclusively on hydropower development to meet its energy needs. Until recently, this strategy was logical. However, given the rapid advancements in solar energy technology, Nepal's continued disregard for commercial solar power is a glaring misstep.
Using just 0.5% of Nepal's total land area, it is possible to produce 429,000 MW of electricity. With technological advancements, power generated from solar panels can be directly connected to the grid without battery installations. Moreover, a World Bank study has shown that Nepal has the potential to generate 30,000 MW of solar energy.
In Nepal, the silver lining is the growing collective urge to adopt renewable energy sources, including solar energy. However, the structural inefficiency to usher in a transformative transition towards increased contribution of solar in total energy output remains a bottleneck. Regional developments and opportunities
Developing domestic solar capacity can help Nepal achieve energy independence and enhance national energy security. Further, the cost of solar power has plummeted globally, making it a highly affordable energy solution. Nepal must capitalise on this trend before it falls further behind. Policy gaps and recommendations
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