Will 70% of Panama's energy supply be renewable after 35 years?

También disponible en Español. Panama’s National Energy Plan 2015-2050 suggests that 70% of the country’s energy supply could be renewable after 35 years. The plan was adopted as a long-term roadmap to diversify the energy sector and advance energy access, energy efficiency, energy security and overall decarbonisation of the energy system.

Where is smaraad based?

Add：NO.59th. Shitangwang, huishan District, Wuxi,Jiangsu Wuxi Smaraad New Energy Technology Co., Ltd. was established in 2015 and is headquartered in Wuxi, Jiangsu. Under the brand of "SMARAAD".

What challenges do solar and wind companies face in Panama?

Despite abundant renewable energy resources, solar and wind companies in Panama face economic challenges, given that the current power market model is based on conventional sources such as thermal and hydropower generation and does not recognise the unique operating characteristics of variable renewable energy (VRE) generation.

Does Panama have solar power?

Since 2014, investments in solar and wind energy have grown markedly. Today, more than two-thirds of Panama’s electricity generation comes from clean sources, primarily through the contribution of hydropower. The country also has the largest wind farm in the region, and solar power generation – although still modest – has begun to take of rapidly.

Does Panama have a wind energy potential?

Ofshore wind energy potential has yet to be assessed. Panama has 270 MW of installed wind power capacity, located entirely in the municipality of Penonomé, in the province of Coclé (SNE, 2015).

How can Panama adapt its energy system?

To adapt Panama’s energy system to this evolving paradigm, a comprehensive plan is needed that considers a rapid growth in demand from the electrification of transport, including from the introduction of expanded metro lines, electric passenger vehicles and electric buses.