Paraguay’s Energy Future: The Urgent Need for More Hydroelectric Power

Paraguay is facing a rapid rise in electricity demand, with consumption growing 18% in 2024 alone. Experts warn that by 2030, demand could exceed supply, putting pressure on the country to invest in new energy sources to avoid a crisis.

Key Takeaways:

⚡ Hydroelectric Priority – Paraguay has great potential for new hydroelectric plants, both large-scale (binational projects like Corpus and Itacorá) and small-scale (on national rivers). These could provide stable, long-term power.
🌞 Solar Energy – While solar power is the cheapest and fastest to install, it is intermittent, requiring expensive battery storage. However, global cost reductions could make it more viable.
🔥 Alternative Sources – Other options include biomass energy (burning organic materials), natural gas power plants, and thermal energy, especially if gas pipelines in the region are completed.
🏗️ Urgency to Build – Experts stress that hydroelectric projects take years to develop, making immediate action crucial to securing Paraguay’s energy future.

With its abundant water resources, Paraguay has the potential to lead in renewable energy. However, timely investments are essential to meet growing demand and ensure a stable and sustainable energy supply for the future.

Source: Forbes