Published on July 26th, 2016 | by Smiti Mittal0
Canada Will Set Up 1 GW Of Solar In Pakistan
July 26th, 2016 by Smiti Mittal
Originally published on Planetsave.
Pakistan received a major boost in its endeavor to expand renewable energy infrastructure as Canada agreed to set up large-scale solar power projects in one of the country’s provinces.
According to media reports, the Canadian government recently signed an agreement with the government of Balochistan to set up 1 GW of solar capacity in the province.
The agreement was signed by the Baloch government itself, under special powers received through the Pakistan constitution.
As per the agreement, a Canadian company will set up 20 solar power projects of 50 MW capacity each. The projects are expected to be distributed across the province. A Canadian delegation is expected to visit Pakistan soon to finalize the various project locations.
Pakistan has seen a sharp increase in foreign investment in its renewable energy sector. Led by China, Pakistan’s renewable energy sector has seen increased interest from European governments and companies.
Foreign investors poured $3 billion over the last year into the renewable energy sector in Pakistan, officials from the Alternative Energy Development Board (AEDB) have said. The largely untapped resource potential and a feed-in tariff regime has made renewable energy an attractive investment avenue.
Earlier this year, the AEDB reported that as many as 35 solar PV projects are currently at various stages of development. These projects will have a cumulative installed capacity of 1,111 MW.
Reprinted with permission.
Check out our new 93-page EV report.
Join us for an upcoming Cleantech Revolution Tour conference!