Panama energy storage project revenue

What is energy infrastructure development in Panama?

1. INTRODUCTION Energy infrastructure development in Panama, as in the rest of Latin America, was conceived under assumptions of climate stability, anticipating minimal or even no changes in climate behaviour over the long term.

Why is the energy sector important in Panama?

In July 2024, the administration of José Raúl Mulino took office with a commitment to expanded economic growth and employment opportunities in Panama. The energy sector is a key area of focus and crucial for reaching the new government’s goals and objectives.

How much solar energy will be compromised in Panama in 2022?

The energy volumes compromised under this scenario would be equivalent to 8% of the gross generation recorded for solar PV power plants in Panama in 2022 (160.15 GWh). As for the SSP5-8.5 scenario, it is projected that by 2050, the compromised solar PV generation capacity will be 8.7 MW, and by 2070, it is expected to increase to 11.1 MW.

How many natural gas terminals are there in Panama?

Panama has ten terminals providing hydrocarbon supply, storage and transfer services, in addition to a liquefied natural gas storage and supply terminal (AES Colón). Six of these terminals are located on the Atlantic side, between the provinces of Colón and Chiriquí Grande.