Category: Latest News

Net Metering’s Share in Power Mix Surges Amid Rising Solar Adoption

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Net-Metering

KARACHI: Pakistan’s transition toward solar energy gained further momentum as net metering’s share in total power generation rose by 57 basis points year-on-year in September 2025, according to data compiled by Arif Habib Limited (AHL) based on NEPRA’s latest statistics. Overall power generation in September 2025 increased by 0.8% YoY, while net metering units jumped 28.1% month-on-month, reflecting strong consumer interest in distributed solar systems among both households and industries. NEPRA projects overall power demand to grow 2.8% in FY25, mainly due to seasonal industrial activity and urban expansion. However,…

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Qatar to Divert 24 LNG Cargoes in 2026 Amid Declining Demand in Pakistan

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lng-usa

ISLAMABAD: In response to Pakistan’s declining liquefied natural gas (LNG) demand, Qatar Energy has agreed to divert 24 LNG cargoes in 2026 under a net proceeds differential mechanism, according to a report submitted to the Economic Coordination Committee (ECC). Under the agreed formula, Pakistan will bear the loss if Qatar sells the diverted LNG cargoes in the open market below the contracted price, with the differential passed on to domestic LNG consumers. The federal government will issue policy guidelines to the Oil and Gas Regulatory Authority (Ogra) to implement this…

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IRENA at COP30: Accelerating Global Energy Transition and Tracking Progress on the UAE Consensus

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New-Project109

BRASÍLIA/BELÉM: The International Renewable Energy Agency (IRENA) has reaffirmed its global leadership role in driving the clean energy transition as it actively participates in COP30 in Brazil. As the custodian agency responsible for monitoring progress on global energy goals outlined in the UAE Consensus, IRENA—together with the COP30 Brazilian Presidency and the Global Renewables Alliance (GRA)—released the second edition of its flagship report, Delivering on the UAE Consensus: Tracking Progress Toward Tripling Renewable Energy Capacity and Doubling Energy Efficiency by 2030. Unveiled during a high-level pre-COP30 event in Brasília, the…

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“UAE Green Energy Boost: Nippon Energy Breaks Ground on 1GW Solar Panel Plant”

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New-Project108

Dubai . Nippon Energy is making significant strides in renewable energy, particularly in the UAE. The company has broken ground on a cutting-edge Renewable Energy Technology Park in the UAE, featuring a Solar Panel Manufacturing Unit with an initial capacity of 500MW, scaling up to 1GW, alongside a 3GWh Battery Energy Storage System (BESS) and a 2GW AI-driven Inverter Manufacturing Plant. ¹ ² ³ This project aligns with the UAE’s vision for a sustainable future and the goals set out in the COP28 initiative. Nippon Energy aims to play a…

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BC Technology Takes Center Stage in Offshore Solar: LONGi Secures 400MW Order for Shanghai Electric’s Offshore PV Project

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New-Project107

SHANGHAI: In a major breakthrough for the offshore solar industry, LONGi has secured a 400MW supply contract for Shanghai Electric Power Co., Ltd.’s newly launched offshore photovoltaic project—cementing Back Contact (BC) technology as the mainstream solution for next-generation offshore solar applications. Supply for the project began ahead of schedule in October, underscoring LONGi’s strong execution capabilities. The project marks a significant milestone as BC modules now account for the entire 1GW (AC capacity) quota in Shanghai’s first “co-located wind and PV” offshore initiative. This milestone highlights the superior adaptability, efficiency,…

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