What is Paraguay's energy policy?
The policy is expected to enhance Paraguay’s energy resilience, foster innovation, and contribute to global sustainability goals. Paraguay has long been known for its reliance on renewable energy. Nearly 100% of its electricity is generated from hydropower, mainly through the Itaipu and Yacyretá dams.
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.
How to strengthen the energy sector in Paraguay?
1. General energy sector Institutional strengthening: creation of the Ministry of Energy, Hydrocarbons, and Mining (MEHM) by , followed by a plan to strengthen it and the public companies in the sector by . Energy efficiency: creation of the Paraguayan Energy Efficiency Agency (public-private partnership) by .
Will Paraguay reshape its energy landscape by ?
The Paraguayan government unveiled a transformative energy policy to reshape the country’s energy landscape by . Signed into action by President Santiago Peña, this initiative sets the stage for Paraguay to diversify its energy generation and embrace sustainable alternatives such as solar energy, hydrogen fuel, and biofuels.
Should Paraguay rely on natural gas?
By relying on natural gas in the short term, Paraguay can reduce its dependence on coal and oil while ramping up its investments in solar, hydrogen, and bioenergy. Paraguay’s ambitious energy policy is a bold step toward a more sustainable future, but it also comes with challenges.
Is hydrogen the future in Paraguay?
“Hydrogen is the future,” Bejarano stated, highlighting the country’s ambitions to develop hydrogen-based energy solutions over the next few decades. This focus on innovation aligns with global trends and sets Paraguay on a path to becoming a key player in the renewable energy market.
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