Collaboration between Pakistan and the thriving Danish energy sector is one of the most recent developments bolstering the Pakistani renewable energy innovations agenda. This joint venture aims to build up logistics to locally manufacture wind turbines and solar panels.
Along with the manufacturing facility, expertise from Denmark will also help train the local workforce. The partnership stresses developing an environment of strategic collaboration. Doing so, both countries aim to lay down a foundation for long-term green initiatives.
Consequently, these will help Pakistani industries take the leap towards green energy. Therefore, improving energy access, meeting growing demands, and building investor confidence in renewable innovations.
Pakistan’s Renewable Energy Outlook
This definite step towards renewable energy innovations comes at the heels of a major energy outlook report by the World Bank. According to this research, Pakistan must ‘urgently’ expand its solar and wind capabilities by at least 30% by 2030. Efforts in this direction can result in savings of close to $5 billion over the next 20 years.
At present, a mere 5-6% of its electricity is derived from renewables. And putting into perspective the immense potential the country has; this figure is nowhere close to satisfactory. Interestingly, Pakistan is in an ideal position to further its 30% clean energy goal. Its terrain is a mix of arid and semi-arid regions, with wind corridors having average speeds of 7.87m/s.
Fueled by such partnerships for renewable energy innovations, Pakistan’s agenda of 60% green energy can become a reality. And the first step in this direction? The launch of 16 solar and wind projects, worth 860MWs, scheduled to become operational within 2021.