Does Paraguay have a grid-scale energy storage project?

The capital of Paraguay, Asuncion. The country has not announced any grid-scale energy storage projects to-date. Image: CC / Mariano Mantel. Investment firms PASH Global and ERIH Holdings have formed a joint venture (JV) to develop utility-scale solar and battery storage projects in Paraguay.

How can Paraguay benefit from solar energy?

Solar energy, in particular, is seen as a vital addition, taking advantage of Paraguay’s abundant sunlight to reduce pressure on its hydropower resources. The government also plans to harness bioenergy through biomass and biogases, tapping into organic waste and agricultural byproducts as fuel sources.

How much does electricity cost in Paraguay?

This price has remained very low (about US$2.81 per MWh). It is argued that, if this price was more in line with actual electricity prices in the Brazilian market, Paraguay would have enough resources to strengthen its electricity transmission capacity.

What is Paraguay's Energy Vision?

A critical component of Paraguay’s energy vision is hydrogen fuel production. The country’s rivers, especially the Paraná and Paraguay, are vital trade routes and key to the country’s energy strategy. Approximately 80% of Paraguay’s foreign trade passes through these rivers, providing a direct link to the Atlantic Ocean.

Is the grid-scale battery storage market in Paraguay about to change?

Like most of Latin America, the grid-scale battery storage market in Paraguay is at a relatively early stage. However, recent moves by the government show that may be about to change.

Why is Paraguay promoting biofuels?

By promoting biofuels, Paraguay aims to cut carbon emissions and reduce its reliance on imported fossil fuels. The shift toward biofuels is part of a broader “energy transition” that the government sees as crucial to modernizing the country’s energy infrastructure.