Ecuador’s ministry of energy and non-renewable natural resources has updated the 2031 electricity master plan to allow for the incorporation of around 1,440 MW of non-conventional renewable energy capacity on top of what is already planned to come online by the end of the planning period.
The additional capacity, which would come from smaller hydroelectric stations, wind and solar farms and biomass-based plants, is expected to mobilise some USD 2.2 billion (EUR 1.88bn) of private capital, the ministry said in a press release.
These new projects will tendered in public competitions as the government seeks to attract new investments in renewables and encourage the use of clean energies to met the nation’s demand for power in the coming years, the ministry stated.
The planned capacity is divided into four blocks, with the first 500 MW expected to start operation by 2024.
More details on the ministry’s capacity expansion plan follow in the table below:
Blocks: |
Technologies: |
Expected start of operation: |
Block 1 500 MW |
220 MW wind
150 MW small and medium hydro
100 solar PV
30 MW biomass energy
|
2024 |
Block 2 500 MW |
270 MW solar PV
130 MW wind
100 MW biomass energy
|
2025 |
Block 3 120 MW |
120 MW solar PV |
2026 |
Block 4 320 MW |
320 MW wind |
2028 |
(USD 1.0 = EUR 0.853)
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