Energy storage costs for the Guatemalan power plant

What is Guatemala's energy source?

This page is part of Global Energy Monitor 's Latin America Energy Portal. In 2018, Guatemala derived 57.43% of its total energy supply from biofuels and waste, followed by oil (29.54%), coal (7.68%), hydro (3.22%), and other renewables such as wind and solar (2.12%).

Can geothermal power be used in Guatemala?

The Guatemalan government has a plan of using geothermal power to supply for two thirds of the country’s energy needs by 2022 . Thus reducing oil imports and stabilizing the country’s energy supply . Crude oil production in Guatemala has high potential, with estimations suggesting the possibility of reaching 50000 barrels/day .

How much electricity does Guatemala have?

As of 2020, Guatemala had 4110 MW of installed electrical capacity, based primarily on hydro power (38.38%), fossil fuels (30.36%), and biomass (25.20%). Other renewable sources represented a much smaller percentage of capacity, including wind (2.61%), solar (2.25%) and geothermal energy (1.20%).

What is energy security in Guatemala?

Within that context, energy security is to be defined with accordance to to the electricity supply, taking into account needs and objectives of the country's energy policy . The key aspects of the energy security perspective in Guatemala are: adequacy, resilience and sovereignty .

How much wind power does Guatemala have?

Guatemala's Ministry of Energy and Mines (MEM) used to estimate wind energy potential in the country as high as 7000MW, while much more conservative opinions consider the economically viable wind potential in the country is somewhere between 400-700MW .

Are geothermal plants a good investment in Guatemala?

The interest to invest in Guatemala's geothermal potential is on the rise, with 2 geothermal plants are currently operating in the country -and they represent its main geothermal operating resources-: Zunil (24MW capacity) & Ortitlán (25MW capacity) .