How much solar energy can Ecuador generate?

According to a report by the International Renewable Energy Agency (IRENA), Ecuador has the potential to generate over 15,000MW of solar energy, which is more than 10 times the country’s current installed capacity.

What is the main source of energy in Ecuador?

Petroleum and other liquids continue to be Ecuador's primary source of energy; crude oil accounted for 63.4% of total energy consumption in 2021. The country has significant oil reserves and is one of South America's top oil producers.

Does Ecuador have a natural gas market?

Ecuador's natural gas market is less developed than its oil sector; it has a 0.9% share of total energy production and 1.7% share of energy consumption (Figure 1). Natural gas in Ecuador is mostly used by the industry sector1.

Who uses natural gas in Ecuador?

Natural gas in Ecuador is mostly used by the industry sector1. Hydropower in Ecuador is a significant source of electricity generation given the country’s geographical features, such as the Andes Mountains and the Amazon rainforest. Hydropower accounted for 79.1% of total electricity generation in 2021, up from 55.4% in 2011.2 Figure 1.

Why does Ecuador rely on imported natural gas?

Despite having significant natural gas reserves, Ecuador has traditionally relied on imported natural gas to meet its energy needs. This is largely due to the lack of infrastructure needed to transport and distribute natural gas within the country.

Is there a potential for electricity generation in Ecuador?

Based on what has been described, it is identified that there is a high potential for electricity generation in Ecuador, especially the types of projects and specific places to start them up by the central state and radicalize the energy transition.