In a country with over 60% of its electricity generation capacity powered by hydroelectric plants, renewable energy is no novelty in Panama. However, the need to diversify the generation base has led to interest in other technologies, especially wind and solar. Panama has good resources available for both. The average annual sum of global horizontal irradiance for the...
With a vision to turn Panama into an energy hub, the new administration is looking to strengthen the existing electricity and hydrocarbons market and its infrastructure, using both public and private investment, to place the country in the region’s spotlight. Multimillion-dollar investments in fossil fuel power generation, network infrastructure and renewables are in the...
The stated ambitions to diversify Panama’s energy matrix have resulted in a range of regulatory reforms to encourage investment in renewables, and ground has been broken on the first projects in wind- and solar-driven generation facilities. After a decade of feasibility studies in cooperation with international development organisations such as...
Rapid economic growth in recent years has not left Panama’s energy sector unscathed. According to figures from Empresa de Transmisión Eléctrica (ETESA), the national electricity transmission company, demand for power will grow at around 7.5% per year until 2016 while annual averages of 5.6% are expected in the 10 years after that. Managing the...
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