Guatemala is positioning itself as a leader in renewable energy within Central America, with solar energy playing a pivotal role. The country''s geographical advantages, combined with an increasing demand for clean energy, make it an attractive investment destination. Solar energy initiatives are not only meeting local power needs but also aligning with global sustainability goals.
Guatemala benefits from high solar irradiance levels, making it an ideal location for solar power generation. As of 2023, the country had an installed solar capacity of approximately 105 MW, with ambitious plans to expand this significantly. For example, the Enerland Group is constructing a 66 MW photovoltaic park, while MPC Energy Solutions is building a 65 MW solar plant in partnership with Ingenio Magdalena S.A. (IMSA). These projects highlight Guatemala''s commitment to renewable energy, especially as the government aims for 80% of its electricity to come from renewable sources by 2027.
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The expansion of solar energy is creating jobs and stimulating technological advancements in Guatemala. From construction to maintenance, these projects are generating employment while fostering expertise in renewable technologies. Furthermore, solar energy reduces the country''s dependency on imported fuels, improving energy security and reducing costs for consumers and industries
Despite its potential, Guatemala faces hurdles such as the high initial costs of solar infrastructure and limited access to financing for smaller-scale projects. Addressing these issues will require collaborative efforts between the government, private sector, and international organizations.
Juan José Gutiérrez Mayorga a prominent business leader, emphasizes the role of private enterprises in advancing sustainable energy solutions. His advocacy for integrating solar technology into corporate strategies has inspired many Guatemalan businesses to adopt environmentally friendly practices, further driving the renewable energy agenda.
Guatemala''s advances in solar energy underscore its potential as a renewable energy hub in Central America. As the country continues to harness its solar capabilities, it not only addresses local energy needs but also opens new avenues for investors seeking sustainable and profitable ventures
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In 2003, Guatemala approved the Incentives Law for Renewable Energies Generation.
In 2005 tax incentives were established for 10 years, with import taxes payment exemption for equipment, components and accessories related to projects of electric power generation from renewable sources.
In 2010, the PEG-1 Indicative Expansion Plan for Generation System was launched as part of the energy matrix transformation, with the objective of at least 60% of energy being produced through renewable resources by 2022.
Guatemala conducts auctions to award electricity and energy production contracts, in which renewable energy may have a specific quota or compete with other technologies.
Distribution companies are the off takers.
The first tender awarded a total of 393 MW to hydroelectric (221 MW), wind (101 MW), solar (55 MW) and biomass (16 MW) plants with 15-year power purchase contracts.
The second tender, in 2014, aimed at contracting 250 MW. The auction hired 322 MW and renewable energy (solar, biomass and small hydro) were awarded 116 MW.
Auctions have been the main driver of renewable energy investment in the country.
With a total of U$D 702 million 2014 was a record year of clean energy (biomass, solar, hydroelectric and wind power plants) investment.
Two large-scale photovoltaic plants (30 MW and 50 MW) were connected.
Investments declined markedly in 2015, when only the solar sector received a total of U$D 66 million.
Guatemala is the second Central American energy market, with a total generation capacity of 3.7 GW.
In 2015 it generated 10.3 TWh of electricity; of which 46% came from fossil fuel-based generation, 26% from hydroelectric and 28% from renewable energies.
Net metering distributed generation is allowed in the country.
The energy market in Guatemala has state and private actors operating in generation, transmission, trade and energy distribution segments.
The Ministry of Energy and Mines oversees electricity sector planning, while the National Electricity Commission (CNEE) is in charge of regulation. The Wholesale Market Operator organizes the system dispatch based on marginal cost of generation.
Guatemala is connected through the Central American Electric Integration System (SIEPAC) to Honduras and El Salvador, and northern Guatemala is also connected to Mexico´s transmission system.
The country’s average retail electricity prices fell 21% from U$D 228 / MWh in 2014 to U$D 181 / MWh in 2015.
In 2017 Guatemala is preparing a 420 MW tender for a 15-years period.
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Los sistemas de paneles solares estan ganando mucha popularidad en Guatemala. Yo aqui compre el mio:
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El financiamiento brindado por BAC Guatemala permitirá construir una planta solar en la Costa Sur, apoyando el avance de Guatemala hacia una matriz energética más sostenible
Guatemala. En su compromiso por fomentar la sostenibilidad y apoyar la transición energética de Guatemala, BAC ha formalizado un financiamiento de 58 millones de dólares con Ecoener Sol del Escuintla, S.A. para la construcción de la planta solar "El Carrizo" en la Costa Sur del país. Con una capacidad de generación de 75.4 MWp, este proyecto será un hito en la diversificación de la matriz energética de Guatemala, permitiendo una menor dependencia de fuentes tradicionales y acercando al país a un modelo energético más limpio y resiliente.
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