Photovoltaic solar energy: with great potential for development in Paraguay
He highlighted Paraguay''s privileged position as one of the world''s largest producers of renewable energy, mainly thanks to its hydroelectric resources, but also warned
The energy policy framework promotes new developments on renewables through sustainable production of energy and direct use of natural resources. For this purpose, Paraguay aims at taking advantage of alternative energy sources such as solar and wind energy, in addition to further developments in small and large hydropower.
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.
Additional renewable capacity by 2025 Paraguay's Development Finance Agency (AFD) has access to concessional and non-reimbursable resources from the GCF to finance renewable energy and energy eficiency projects.
These aspects are clearly highlighted in Paraguay's National Energy Policy 2016-2040 and, more recently, in concrete actions outlined in the Energy Agenda 2019-2023, which focuses on the key pillars for enhancing energy security through the use of renewables, encouraging renewable-powered electrification and promoting sustainable mobility.
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