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Solar Scale-up in Pakistan Hits Roadblock After Payments Slashed

An effort to boost large-scale solar energy production in Pakistan has hit a roadblock after the government cut the rate it pays for solar electricity, frustrating investors. Pakistan's Punjab province government set up the 100-megawatt Quaid-e-Azam Solar Park in the Cholistan desert in March 2015 as a pilot project to lure foreign investment for an additional 900 megawatts of power. Zonergy Limited, a Chinese-owned firm, then agreed to invest $1.5 billion to produce the power, with a...

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