Will Paraguay develop more solar and wind power projects?

The country plans to utilize a mix of renewable energy sources going forward to diversify its energy mix and increase its energy security. While scarcely existent today, Paraguay hopes to develop more solar and wind power projects in the future.

Does Paraguay have electricity?

Recording 99.95% electricity access at the close of 2019, Paraguay enjoys nearly universal access to electricity. In some remote locations, including the Chaco region of the country, inhabited by Indigenous Paraguayans, Paraguay utilizes solar plants to meet electricity needs.

Why is Paraguay a renewable country?

Paraguay has one of the highest proportions of renewable energy in South America. Hydropower constitutes around 99.5% of the installed electricity capacity. This makes it highly dependent on the rivers that feed the country’s main hydroelectric plants, from where most of the electricity produced is exported to neighboring countries.

What is Paraguay's renewable energy target?

Paraguay established renewable energy targets in its National Development Plan 2014–2030. The country’s goal is to reach 60% of renewable energy in total energy consumption by 2030. By the same year, Paraguay aims to reduce by 20% the share of fossil fuel within its total energy consumption.

Does Paraguay have hydroelectric power?

In fact, Paraguay has long produced more than enough hydroelectric power for its own needs, exporting the remainder to neighbors Brazil and Argentina. In 2019, Paraguay’s generated 6% of its GDP from the exportation of 64% of its power production. Renewable energy in Paraguay has the potential to transform the nation.

What is the main energy source in Paraguay?

From the perspective of energy demand, the main energy source is biomass (44%), followed by hydrocarbons (40%) and, in a distant third place, electricity (16%). The main source of energy produced in Paraguay is thus the least used in the country.