Pakistan continues to attract interest from European countries in its renewable energy sector, with Germany being the latest country to join hands with the South Asian nation.
The German Ambassador to Pakistan recently announced that a collaboration forum on renewable energy will be launched with Pakistan. The aim of this forum will be to increase contact and cooperation between public and private sector stakeholders of the two countries.
Germany, which has long been a partner in the development of renewable energy infrastructure in Pakistan, will offer financial and technical assistance in the implementation of hydropower projects. Additionally, Germany will also support formulation of policy and regulations to support the renewable energy sector in Pakistan.
Pakistan has large untapped renewable energy resources in terms of wind and solar energy. Only recently has the country started attracting investments from international investors, especially China and European countries.
Foreign investors poured over $3 billion into the renewable energy sector in Pakistan over the last year. The Alternative Energy Development Board stated that letters of interest have been issued for 25 solar power projects representing 663 MW of cumulative capacity. All these projects are expected to be commissioned by 2018. The provincial government of Punjab has also issued letters of intent for 600 MW of solar power capacity.
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...