Guatemala Chemical Company Energy Storage Project

What is the primary energy source for Guatemala?

In 2018, Guatemala derived 57.43% of its total energy supply from biofuels and waste. This was followed by oil (29.54%), coal (7.68%), hydro (3.22%), and other renewables such as wind and solar (2.12%).

What green energy technologies will Guatemala be able to use?

There are several key green energy technologies that are integral to Guatemala’s future as a green energy consumer and cite for future short term and long term investments; solar, hydroelectric, wind, and geothermal.

How much energy is being developed in Guatemala?

This was up by 230 GWh from the previous year, on account of steady economic development. To meet increasing demands, the Guatemalan government has allocated US$6,799 for renewable development, which includes plans to develop 30 hydropower plants and one biomass plant powered by sugar production.

Is solar energy a good investment for Guatemala?

Harnessing solar energy is reliable, predictable, and cost efficient, making it the most predictable and efficient renewable energy source available for Guatemalans and future investors looking to invest in the country. Major solar energy projects undertaken by the country could set the industry standard for decades to come.

What is the role of MEM in Guatemala's energy sector?

MEM (Ministerio de Energía y Minas) is responsible for policy development, planning, and programming of all things related to the energy sector. A critical pillar for achieving Guatemala's goals is the reduction of deforestation.

Can Guatemala meet 100% of its energy needs?

Like many Central American countries, Guatemala has the potential to meet 100% of its energy needs through renewable energy resources.