Ecuador’s National Assembly has unanimously approved a new law to promote private initiative in energy generation. Among other measures, it seeks to stimulate self-consumption and promote private investment in the energy sector.
Ecuador''s National Assembly
Image: Asamblea Nacional del Ecuador, Wikimedia Commons
Ecuador''s National Assembly has unanimously approved a new law to boost private energy generation amid an ongoing energy crisis marked by mandated night blackouts. President Daniel Noboa submitted the law as urgent for economic reasons to encourage renewable energy solutions and private sector investment.
The law exempts renewable energy generators up to 10 MW for cogeneration or self-consumption from the requirement to revert assets to the state at the end of the concession period. It mandates that thermal generation companies present transition plans for lower environmental impact technologies.
The law also requires electricity distribution companies to gradually implement plans to replace current public lighting with LED and solar lights.
It also states that public and private banks can offer credits with preferential rates for the implementation of energy generation systems from renewable sources for self-consumption. It says that “these systems must allow beneficiaries the possibility of marketing any surplus energy generated.”
In addition, the law allows domestic companies to import natural gas to address energy shortages and lower fuel demand.
According to the latest figures from the International Renewable Energy Agency (IRENA), Ecuador had only 31 MW of installed PV capacity at the end of 2023.
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The Conolophus project, to be built on Santa Cruz Island in Galapagos National Park, will reduce regional diesel consumption.
Siemens'' hybrid system in the island of Santa Isabel removes the risk of diesel spillages during transport to the island and plugs gaps in supply using plant oil-powered generators.
Ecuador''s Ministry of Energy and Non-Renewable Natural Resources has launched a tender for the construction of a 14.8 MW/40.9 MWh of solar+storage facility.
The Conolophus project will reduce diesel consumption on Santa Cruz Island in Galapagos National Park, as well as the adjacent island of Baltra.
Interested developers had until Tuesday of this week to pre-qualify for the procurement exercise. The tender final results will be announced at the end of the first quarter of 2021.
“The project is part of a private initiative,” the government said in March, when the project was first announced.
It is the third project of its type for the archipelago. Another 1 MW project, including a 2.2 MWh battery storage system, was announced two years ago. The project has the financial support of the Korean Institute of Development and Technology (KIAT).
Another project under the KIAT program is a PV installation with storage, built by Siemens on Isabela Island. The company completed one of the world''s first 100%-renewable island power systems in October 2018. The $13 million project, part of the government''s Zero Fossil Fuels on Galapagos policy, features more than 3,000 polycrystalline PV modules from Chinese manufacturer Trina Solar, for 952 kW of PV capacity.
More articles from Emiliano Bellini
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Region: Latin America & Caribbean
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