According to Majid, the goal of CPEC Phase II is to develop new technologies that will increase the efficiency and dependability of the energy sector.
Pakistan is one of the nations most susceptible to the negative effects of climate change, so LONGi, a leading provider of solar solutions in China, has long been committed to developing the PV sector with local partners and optimising Pakistan’s energy structure.
According to Ali Majid, General Manager, Pakistan, LONGi Solar, we signed an MoU with the Government of Pakistan in July 2019 to invest in the development of a 50 MW solar power plant in Bahawalpur, Punjab, as our first step.
“Total shipments to Pakistan’s market would amount to about 1 GW this year based on the current overall production capacity of LONGi’s green energy projects there. Having developed the market over the past few years, I know that investment and awareness are both necessary to advance the field of solar energy and new energy in general,” “Majed continued.
According to CEN on Friday, Pakistan should promote investments in renewable energy infrastructure to the fullest extent possible, including public and private investment in large-scale solar farms as well as in more modest rooftop solar installations.
As for raising awareness, Majid suggested stepping up outreach to businesses, communities, and schools as well as public education campaigns about the advantages of green energy. Beyond that, we can increase spending in PV sector in Pakistan, on research and development of new PV technologies, like enhancing solar panels’ performance and efficiency as well as creating new materials and manufacturing techniques.
The International Energy Agency (IEA) refers to the current situation as “the first real global energy crisis” because geopolitical conflicts are to a large extent to blame for the contradictions between the supply and demand of energy on a global scale.
The global photovoltaic market is booming in an effort to resolve the contradiction. China is a significant demand market, with an average annual growth rate of 59%. According to Alex Li, General Manager of LONGi’s Central Asia branch, “the new installed capacity of photovoltaics in the world is expected to exceed 350 GW in 2023,” according to demand forecasts from significant consulting firms.
It has been discovered that high costs have made it extremely difficult for the world to respond jointly to the energy crisis. For instance, a lack of fresh water is a major problem in the vast desertification areas of the Middle East.
The main challenge is the rise in costs brought on by seawater desalination. According to Alex Li, PV is epoch-making because it will not be difficult to go green on a large scale if there is enough fresh water. Since solar energy doesn’t require any resources and the sun shines on everyone equally, Alex Li believed that photovoltaics could indeed alter the ecology of our planet.
“We have always sought to find a way to convert fair sunlight into energy that benefits everyone.” Both the Belt and Road Initiative and the China-Pakistan Economic Corridor are celebrating their tenth anniversaries this year.
According to Majid, the goal of CPEC Phase II is to develop new technologies that will increase the efficiency and dependability of the energy sector. Examples of these technologies include energy storage and smart grid systems. LONGi and other new energy companies are likely to be instrumental in fostering the use of renewable energy in Pakistan and possibly South Asia as a whole.