Solar power gains ground as costs fall globally
Summary and headline written by AI from the source article. How we work
Bestway Cement in Chakwal, Pakistan is expanding its solar power generation, aiming to add 6.34 megawatts to its existing 26 megawatts by year’s end.
The company’s general manager, Abdul Waheed, explained that using solar power is essential for competing with other cement producers. This move reflects a global trend as businesses and households worldwide install solar panels, aided by affordable components from China.
By the end of 2025, the total solar generation capacity reached almost 1.2 terawatts globally, exceeding the combined output of all nuclear power plants. This increase in solar power is providing more reliable electricity access to millions in developing countries, often through independent installations rather than large-scale projects. Across the world, consumers are lowering their energy costs with cleaner power at a time of economic pressure from conflicts like those in Iran and Ukraine.
However, this widespread adoption of self-generated solar power presents challenges for existing power infrastructure, potentially impacting investment strategies, pricing, and the stability of energy supply.
