Renewables developer Oracle Power PLC has signed a cooperation agreement with Chinese state-owned energy company PowerChina to jointly develop a 1GW solar PV project in Pakistan.
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.
With Pakistan's water reserves fast depleting, floating solar will be key to conserving resources and producing cheap energy, said power minister Omar Ayub Khan.