The Energy Storage Report 2024

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Panama launching 500MW renewable energy and energy storage scheme

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Panama has launched a 500MW tender auction for renewables and energy storage, the first in Central America to include storage.

The bidding process – held by the national secretary of energy and state-owned electricity transmission company, Empresa de Transmisión Eléctrica SA (ETESA) – is seeking 500MW of capacity and will be held in the second quarter of 2024. Publication for the application will be released in February of this year.

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Winning bidders will need to have projects operational by 1 September 2026, for existing renewable projects and new solar PV plants.

Offtake agreements will be completed depending on three different schemes based on power for new or existing renewable projects supported with energy storage, energy from new or existing renewable projects, or firm power coupled with energy.

The government’s resolution can be accessed here (in Spanish).

See the full version of this article on PV Tech.

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