About Paraguay s policy of combining photovoltaic power generation with energy storage
Paraguay has launched an ambitious energy policy, targeting a diverse, sustainable energy mix by 2050. Focusing on solar, hydrogen fuel, and biofuels, the country aims to secure energy independence and reduce reliance on hydrocarbons.
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About Paraguay s policy of combining photovoltaic power generation with energy storage video introduction
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6 FAQs about [Paraguay s policy of combining photovoltaic power generation with energy storage]
What is Paraguay's energy policy framework?
The energy policy framework promotes new developments on renewables through sustainable production of energy and direct use of natural resources. For this purpose, Paraguay aims at taking advantage of alternative energy sources such as solar and wind energy, in addition to further developments in small and large hydropower.
Will Paraguay have more renewable capacity by 2025?
Additional renewable capacity by 2025 Paraguay’s Development Finance Agency (AFD) has access to concessional and non-reimbursable resources from the GCF to finance renewable energy and energy eficiency projects.
Is Paraguay a sustainable country?
The Republic of Paraguay is committed to the sustainable development of its energy sector and society. The country is recognised globally for its clean energy matrix, with high shares of renewable energy and electricity generated mainly by hydropower.
Can Paraguay use natural gas as a transitional energy source?
In addition to its focus on renewables, Paraguay is also looking to natural gas as a transitional energy source. The country’s new energy policy includes a project to integrate natural gas into its energy matrix. This would provide a reliable alternative to hydrocarbons while renewable technologies continue to scale.
Why is the energy sector important in Paraguay?
Paraguay’s National Energy Policy 2016-2040 recognises the importance of the energy sector for economic growth by increasing the country’s productivity and promoting sustainable development. The energy sector is a key contributor to human development (UNDP, 2020) and job creation.
What laws govern the energy sector in Paraguay?
Paraguay’s energy sector is mainly based on five laws that regulate the use and/or exploitation of resources: The hydrocarbons law (Law No. 779 of 1995), which establishes the legal regime for the prospecting, exploration and exploitation of oil and other hydrocarbons.
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