Nepal exports photovoltaic energy storage

Solar PV comes into account in two major ways one, as cheap, green, and sustainable energy technology and another as diversifying the energy production in the country. The first and most reasonable approach for promoting solar in Nepal is to increase the domestic energy generation.

According to the Global Pumped Hydro Atlas, Nepal has 2,800 good storage sites, which is 50 times more than needed even after Nepal catches up with the developed countries. Learn about the Solar PV in Nepal. Discover the Energy security and independence and Government policies and initiatives and befefits of Solar PV.

According to a report by The Himalayan Times, the solar resource in Nepal is good enough for the production of electricity at a cost of NRs 4,800 (US$40) per MWh once the solar industry becomes mature in Nepal, falling to below NRs 3,600 (US$30)/MWh in 2030. In average the global solar radiation varies from 3.6-6.2 kWh/m2 day in Nepal.

Hence depending nation's majority of electrical sources on a single source is dangerous and can cause catastrophic energy blackout. Solar PV a globally recognized and in trend in later decades is a promising technology which could secure the energy insecurity of Nepal.

The country has abundant hydroelectric potential. The theoretical hydroelectric potential has been estimated to be as high as 83,000 MW of which 42,000 MW are considered to be technically and economically feasible. Similarly, Nepal also has huge potential for solar energy.

In recent years Nepal has become net importer to net exporter and along with that, NEA was able to increase the revenue and hence improve the financials of the organizations and the major credit goes to the recently commissioned projects including hydropower, solar power plants with transmission lines and other facilities.