Powering Pakistan''s Future: The Rise of Energy
This article explores the latest developments, key case studies, and future prospects of Pakistan''s energy storage market,
Pakistan is experiencing an energy revolution as households and businesses rapidly adopt solar-plus-battery systems to meet their own energy needs. Making this transition more inclusive will require financing mechanisms that lower costs for underserved users and support grid upgrades for all.
In 2024, Pakistan imported 17 gigawatts (GW) of solar photovoltaic (PV). The country also imported an estimated 1.25 gigawatt-hours (GWh) of lithium-ion battery packs in 2024. These are substantial additions to an energy system with approximately 40 GW of total installed capacity.
This is also evident from the reduction in tariffs of solar power in Pakistan over the years and now Indicative Generation Capacity Expansion Plan (IGCEP) also contemplates an addition of substantial quantum through Solar PV energy generation as the least cost option.
The Pakistan Distributed Solar Project already uses a GCF‑backed guarantee to finance 43 megawatts of solar PV installations for households, agribusinesses and small- and medium-sized enterprises.
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