The partnership between Andes Solar and EPESA (Empresa Paraguaya de Electrificación S.A.) is part of Andes Solar’s regional expansion strategy. The company currently has offices in Chile and Peru. This agreement reinforces Andes Solar’s role in Latin America’s energy transition. It marks a significant step in Paraguay’s efforts to diversify its energy matrix through the increased adoption of renewable energy sources.
Strengthening Renewable Energy in Paraguay
Andes Solar, a leading company in developing renewable energy projects across Latin America, has partnered with EPESA, one of Paraguay’s primary energy companies, to enhance renewable energy in Paraguay. Through this partnership, the two companies will focus on advancing renewable energy projects that align with Paraguay’s long-term energy plan for 2050. This plan aims to diversify the country’s energy matrix, incorporating more clean energy sources such as solar and wind power.
Historically, Paraguay has built a strong energy foundation based on renewable sources, primarily hydroelectric power. Hydroelectricity accounts for approximately 90% of the country’s electricity generation. Biomass and hydrocarbons, meanwhile, are mainly used for non-electric energy consumption, such as in transportation and industrial sectors.
Biomass alone contributes to nearly 44% of the energy used in rural and industrial sectors, while hydrocarbons, mainly diesel, make up about 40% of the total energy consumption. This heavy reliance on fossil fuels for non-electric energy highlights Paraguay’s ongoing need to diversify and promote cleaner, renewable energy.
The Paraguayan Government’s Vision for 2050
The Paraguayan government has set ambitious energy targets for 2050, aiming to further diversify its energy matrix by introducing additional renewable energy sources, particularly solar and wind power, alongside expanding bioenergy initiatives. This government-led effort aligns well with Andes Solar and EPESA’s shared vision for sustainable energy solutions and will contribute to the country’s clean energy future.
The alliance between Andes Solar and EPESA is centered around this long-term vision for Paraguay. Both companies are committed to implementing innovative, efficient renewable energy technologies. Their goal is to significantly contribute to the growth of Paraguay’s energy infrastructure and help the country harness its favorable geographical and climatic conditions to generate renewable energy. Through this partnership, Andes Solar and EPESA aim to create a lasting impact on the local energy landscape, supporting the country’s transition toward cleaner, more sustainable energy sources.
Expanding Andes Solar’s Regional Presence
This agreement represents a strategic milestone for Roberto Muñoz, General Manager of Andes Solar, as it continues its regional expansion and solidifies its role in the energy transition throughout Latin America. Muñoz emphasized, “This agreement is a significant step forward for our company and reinforces our vision of being a key player in the energy transition across the region. Together with EPESA, we are committed to implementing sustainable, innovative, and cutting-edge solutions that will positively impact local communities and the environment, all in line with our goal to promote renewable energy in Paraguay and beyond.”
This collaboration is about energy generation and social and environmental impact. One of the anticipated benefits of the partnership is the ability to bring electricity to rural communities with limited access to power. Both companies hope to improve energy access and contribute to more significant energy equity in Paraguay by implementing renewable energy projects, such as solar power systems, for self-consumption. By optimizing available resources, the projects will help to mitigate some of the country’s existing energy inequalities.
EPESA’s Commitment to Sustainability and Community Impact
Patricia Zavala, CEO of EPESA, also expressed her enthusiasm about the partnership, stating, “With this agreement, we aim to boost the use of sustainable energy sources, transforming access to electricity and generating solutions with a triple impact: environmental, social, and economic. This alliance aligns with our mission to contribute to Paraguayans’ progress and quality of life.” Zavala further commented, “We are confident that, with a strategic partner like Andes Solar, we will make a significant positive impact, positioning ourselves as leaders in the energy development of Paraguay, supported by the trust and sustainability inherent in our projects.”
By joining forces, Andes Solar and EPESA aim to foster a transition to renewable energy in Paraguay and drive the social transformation necessary to meet the country’s energy goals for 2050. This partnership will contribute to reducing carbon emissions while improving energy access for the country’s most vulnerable communities. Both companies view this collaboration as a way to help address energy access’s environmental and social dimensions, creating a more sustainable energy future for all.
Andes Solar’s Regional Growth Strategy
The expansion of Andes Solar into Paraguay adds to its already established presence in Peru, where the company has operated for the past two years. During this time, Andes Solar has worked tirelessly to deliver cutting-edge renewable energy solutions, marking the completion of its first projects in the country. In Peru, Andes Solar has also become an active participant in the regulatory discussions surrounding the energy transition, serving on the Peruvian Renewable Energy Association (SPR) board.
Traditionally relying on hydroelectric power, Peru has developed a significant thermoelectric industry since 2002. While beneficial for energy generation, this sector has resulted in high emissions and significant environmental impacts. Currently, thermoelectric power represents nearly half of the country’s total electricity generation. As part of the country’s goal to reach 20% non-conventional renewable energy (NCRE) by 2030 and to achieve carbon neutrality by 2050, accelerating the adoption of clean energy is critical. Andes Solar’s work in Peru aligns with these national goals, focusing on developing renewable energy technologies that diversify the country’s energy matrix and provide cleaner, more sustainable alternatives.
Contributing to the Energy Transition in Latin America
Andes Solar supports the transition to a clean energy future in Paraguay and Peru. By developing renewable energy solutions with minimal environmental impact, the company is helping shift the energy landscape in both countries toward sustainability. Andes Solar’s projects support the expansion of renewable energy in Paraguay and strengthen the broader regional energy transition. They set an example for other Latin American countries striving to reduce their dependence on fossil fuels and embrace cleaner, renewable power sources.
In conclusion, the partnership between Andes Solar and EPESA represents a pivotal moment in Paraguay’s ongoing energy transformation. By focusing on renewable energy, both companies aim to play an instrumental role in shaping the country’s energy future, providing cleaner, more sustainable power sources that will contribute to environmental preservation and improved quality of life for the people of Paraguay. This collaboration is a significant step toward achieving a carbon-neutral Latin America by mid-century, with Paraguay as a key player in the regional energy transition.