Ecuador Solar Energy Market – Size, Share,
Solar energy refers to the conversion of sunlight into usable electricity through photovoltaic (PV) panels or concentrated solar power (CSP)
During 2018, Ecuador has a solar install capacity of around 26 MW, with an electricity generation capacity of nearly 41GWh. Ecuador's renewable energy contributes nearly 0.7% of the total energy mix.
Globally, electricity plays a vital role as a factor of economic growth and social welfare, in which it is essential to have an accessible, reliable, and sustainable forms of energy. During 2018, Ecuador has a solar install capacity of around 26 MW, with an electricity generation capacity of nearly 41GWh.
Moreover, Ecuador's demand for electricity is expected to have a demand of around 32 terra watt-hours (TWh) by 2025, and with its target to reduce the carbon emission by having an alternative source of energy, renewable sources are likely to grow during the period.
Ecuador is estimated to have CO 2 emissions per capita of around 3.3% average annual rate. And with this prevailing growth rate, it is estimated to reach around 7.2 metric tonnes of CO 2 emission by 2030.
PDF version includes complete article with source references.
Get technical specifications, ROI analysis tools, and pricing information for our BESS integration and energy storage solutions.
Av. de la Innovación 15
28042 Madrid, Spain
+34 91 133 2769
Monday - Friday: 9:00 AM - 6:00 PM CET