Tag: Wind

Pakistan Seeks Chinese Investments in Renewable Energy to Reduce Fuel Dependence

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Power-IPP

ISLAMABAD: Pakistan has invited Chinese companies to invest in its renewable energy and offshore wind sectors as part of efforts to address its energy crisis and reduce reliance on costly fuel imports, state media reported on Monday. Speaking at the High-Quality Development of Offshore Wind Power Supply Chain seminar in Fuzhou, China, Pakistan’s Ambassador to China, Khalil Hashmi, highlighted the country’s renewable energy potential. “With a coastline exceeding 1,000 kilometers, Pakistan has a natural advantage for developing renewable energy resources,” he stated, urging Chinese investors to explore offshore wind opportunities.…

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HopeWind Seminar on Sustainable Energy Solutions

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New-Hopwind

LAHORE: Prime Minister’s Pakistan Solarization Committee, Member, Engr. Syed Faizan Ali Shah has outlined major challenges for the solar industry as more and more distributed solar gets inducted into the distributed grid.“The solar industry must anticipate increase in exports from net-metered systems during shoulder months due to expansion of distributed solar,” he said while addressing a seminar on “Sustainable Energy Solutions – Achieving Net-Zero Targets”, organized by Shenzhen Hopewind Electric in collaboration with Energy Update – a magazine dedicated to energy, in Lahore.Faizan Ali Shah indicates decrease in minimum operational…

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Global Solar Generation Surpasses Wind Power: The Rise of Big Solar

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Solar-Wind

Since May 2023, solar electricity generation has overtaken wind as the leading utility-scale renewable energy source. Higher solar output during the summer months has extended this dominance, with solar generating 9.57 terawatt hours (TWh) more than wind in June alone, according to energy think tank Ember. While this trend is expected to continue through August, wind power is projected to regain the lead by September, when wind speeds increase with the onset of winter in Europe, North America, and Northern Asia. Solar energy is growing at a faster pace than…

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India Set to Add Record 35 GW of Solar and Wind Capacity by March 2025

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Wind-Solar

India is poised to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid by the end of March 2025, as the country accelerates efforts to meet its 2030 clean energy targets. This comes after falling short of a key renewable energy milestone in 2022. Bhupinder Singh Bhalla, India’s top renewable energy official, revealed that the nation expects to add 30 GW of solar capacity and 5 GW of wind capacity in the current fiscal year. India, the third-largest solar power producer globally, aims to…

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Unresolved Tariff Issues Hinder US Investment in Pakistan’s Wind Projects

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wind-energy

ISLAMABAD: A delegation from the United States Treasury Department, led by Assistant Secretary Brent Neiman, addressed critical power sector challenges during their visit to Islamabad, focusing on issues such as circular debt and tariffs for wind projects. The delegation’s two-day visit aims to assess Pakistan’s economic situation, the potential for a new IMF program, and the overall business and investment environment. Sources indicate significant disputes between Washington and Islamabad regarding wind project tariffs. The US has communicated that until the tariff issues for the existing five wind power projects are…

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