Renewable Energy In Latin America - Ecuador

The opportunity

The opportunity

Ecuador's Constitution of 2008 explicitly states that the government will promote the use of clean and alternative energy sources. This commitment sits alongside other pledges to promote energy efficiency, provide access to public services, preserve the environment and maintain food and water security, among others. In August 2015, the Ecuadorian government announced a US$7 billion program for the country's energy transformation. Government officials stated that by the end of 2015, 93 per cent of the country's electricity will be sourced from hydropower. The country is also investing in other forms of renewable energy, such as wind power through the 16.5MW wind farm in Villonaco and in solar energy projects in the Galapagos Islands.