Panama officially launched the new “ Santiago Solar ” park last week— a $70 million project by the Naiad Renovables Group with the capacity to generate 86,333 megawatts peak (MWP). This marks another step forward for renewable energy in the country, where solar and wind made up 12.9% of total electricity generation in 2024 (and 60% from hydro).
According to data from the Public Services Authority (Asep), there are at least 49 solar installations in Panama that will produce 7.7% of the country's total electricity by 2024.
In this respect, Panama has a great potential for harnessing solar energy due to its excelent geographical location and high incidence of solar radiation. The country receives a significant amount of sunlight throughout the year, making it an ideal location for solar energy projects.
According to Panama's Public Services Authority's (ASEP) semiannual report, total gross generation in Panama during 2024 was 13,147.04 GWh with 60% coming from hydropower, 27% from thermal sources (gas, coal, fuel oil, etc.), 7.8% from solar (6% in 2023) and 5.1% from wind .
Panama has surpassed 75% of installed electricity capacity from renewable sources, according to updated figures from the Centro Nacional de Despacho. More than 40 private
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Panama installed 143.39 MW of new PV capacity in 2024, according to the National Public Services Authority (ASEP). By the end of December, the country''s total installed solar capacity
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Panama officially launched the new “ Santiago Solar ” ☀️⚡️ park last week— a $70 million project by the Naiad Renovables Group with the capacity to generate 86,333 megawatts peak
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In this blog post, we will explore why Panama is the ideal location for solar energy projects and how Universal Solar is leveraging these benefits to drive sustainable growth.
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Panama has unveiled its largest solar power facility to date: the $70 million El Espino solar park. Located in Coclé, the project marks a significant advancement in Panama''s renewable
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Panama''s solar energy market surged 42% in 2025, reaching 170 MW of capacity and 6,000 users. This boom is fueling real estate opportunities in off-grid areas like Cambutal and Torio,
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According to data from the Public Services Authority (Asep), there are at least 49 solar installations in Panama that will produce 7.7% of the country''s total electricity by 2024.
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Panama built 143.4 MW of new solar in 2024, bringing its total installed PV capacity to 695.55 MW by the end of the year.
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The Electric Generation Company (EGESA) has received approval from its Board of Directors for the construction of a new 5 Megawatt (MW) solar plant, a key step in the progress
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Discover how Panama is diversifying its energy mix by leveraging its excellent geographical location and abundant solar radiation. Learn about the Baco Solar Park, the newest solar energy project in the
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