Does Ecuador have an electricity market?

In this research, an analysis of the electricity market in Ecuador is carried out, a portfolio of projects by source is presented, which are structured in maps with a view to an energy transition according to the official data provided.

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.

Why is the Ecuadorian electricity sector considered strategic?

The Ecuadorian electricity sector is considered strategic due to its direct influence with the development productive of the country. In Ecuador for the year 2020, the generation capacity registered in the national territory was 8712.29 MW of NP (nominal power) and 8095.25 MW of PE (Effective power). The generation sources are presented in Table 1.

How much wind energy does Ecuador have?

4.2.3. Wind energy According to the wind atlas of Ecuador [36, 39], in the useable areas, the average annual wind speeds exceed 7 m/s at 3000 m above sea level, indicating a feasible potential of 891 MW in the short term, which would be added to the 21.15 MW of power in service (16.5 MW on the mainland, and 4.65 MW on the insular region).

Where is Ecuador located?

Ecuador, if It is located in South America, has an approximate area of 256,370 km 2 and a population of 17,888,474 people according to . It is in position 67 of the population catalog, made up of 196 countries. It has a moderate population density, around 70 inhabitants per km2.

Is Ecuador a strategic country?

On the other hand, it is interesting to know that Ecuador is in position 123 of 190 according to the , that is, they present ease of doing business. The Ecuadorian electricity sector is considered strategic due to its direct influence with the development productive of the country.