In November 2024, Panama achieved a historic milestone in energy sustainability by generating all its electricity exclusively from renewable sources.
With an internal demand of 1,437 MW fully covered, the country also achieved an exportable surplus of 226.47 MW, helping to supply the energy deficit of other Central American countries. This achievement reaffirms Panama’s role as a key energy provider in the region and its commitment to a sustainable future.
How is Panama’s current energy generation composed?
Panama’s electricity generation is currently composed of:
83.35% hydroelectric plants (1,361.13 MW)
11.43% solar energy (186.62 MW)
5.22% wind energy (85.29 MW)
This diversification, which leverages the country’s natural resources, allows Panama to maintain a stable and resilient electrical system that adapts to demand fluctuations.
Commitment to sustainability
“Panama demonstrates that, with proper short-term energy planning, it is possible to meet demand cleanly and cost-effectively, reducing dependence on fossil fuels,” emphasized Juan Manuel Urriola, Secretary of Energy. He also highlighted that the country is well-positioned to contribute to regional energy security without compromising its supply, serving as an example of efficiency in using renewable resources.
Reliability and regional support
Panama has a spinning reserve of 186.33 MW, strengthening system reliability and ensuring a rapid response to energy consumption fluctuations while fully meeting domestic demand.
This additional capacity enables the country not only to maintain a stable supply but also to provide support to other electrical systems in the region. In doing so, Panama solidifies its position as a fundamental pillar in Central American energy integration.
Economic and environmental benefits
This operation, which did not require thermal generation, highlights Panama’s capability to sustain a fully renewable energy matrix. This natural-resource-based approach not only contributes to environmental protection but also generates significant economic benefits by reducing operating costs and dependence on imported fuels.
With this achievement, Panama not only secures its energy supply but also strengthens its role as a leader in sustainability and regional collaboration, proving that a future based on renewable energy is both possible and profitable.
Sources: BNamericas.com, Impactopanama.com
