How does Ecuador get its energy?

Ecuador derives the vast majority of its energy supply from oil, particularly in the transport and industrial sectors. Hydro power is also a key energy source, accounting for more than 62% of installed electrical capacity and nearly 78% of electricity generation in 2020, with fossil fuels providing most of the remainder.

What are the main energy sources in Ecuador?

Hydro power is also a key energy source, accounting for more than 62% of installed electrical capacity and nearly 78% of electricity generation in 2020, with fossil fuels providing most of the remainder. Other renewables such as biomass, wind and solar play much smaller roles in Ecuador's electrical mix.

How has Ecuador's energy consumption changed over the years?

Ecuador’s energy production increased by a compounded growth rate of 0.5% per year from 2011 to 2021, and renewables accounted for most of the increase. The country's energy consumption also increased by a compounded growth rate of 0.5% per year over the same period, down from 4.9% per year the decade prior.

How much energy does Ecuador produce in 2022?

In 2022, Ecuador’s generation capacity was 8,864 MW, of which 5,425 MW (61 percent) corresponded to renewable energy and 3,438 MW (39 percent) to non-renewable energy sources (fossil fuels derived from oil and natural gas).

How much power does Ecuador need a year?

Electricity demand grows by 200 MW every year, meaning Ecuador should add 250 MW or 300 MW of new power generation each year. However, Ecuador has added minimal additional generation in the last three years.

Is there a potential for electricity generation in Ecuador?

Based on what has been described, it is identified that there is a high potential for electricity generation in Ecuador, especially the types of projects and specific places to start them up by the central state and radicalize the energy transition.