What is the goal of the Panamanian solar thermal strategy?

The goal of the Panamanian solar thermal strategy is to deploy 1 million square meters of solar thermal technology throughout the country by 2050. Termosolar Panama is part of this wider effort to move away from fossil fuels.

Where will a new energy plant be built in Panama?

The plant, owned and operated by Consortium Group Energy Gas Panama which includes private companies InterEnergy Group and AES Panama, will be built in Telfers Island, near the port of Colón, next to the Panama Canal.

Will Panama's solar thermal plan save the world?

When fully implemented, Panama’s National Solar Thermal Plan will prevent the release of 2.4 million tonnes of carbon dioxide and save Panamanians more than US$110 million annually on fossil fuel bills. This plan is already providing hot water for students and staff at the Hato Chami school using solar powered rooftop heaters.

Why do we need a gas turbine in Panama?

The use of renewable energy sources is continuously being expanded in Panama, but the grid infrastructure still requires highly efficient and flexible gas turbine technology to support the variable nature of renewables and help us improve the reliability and stability of the country’s electrical system.

Could solar hot water heating help reduce deforestation in Panama?

Solar hot water heating could help Panama reduce its reliance on fossil fuels, particularly liquefied petroleum gas, which is used to heat most of the over 30 million litres of hot water Panamanians use daily. Alongside countering deforestation, this could also help Panama cut its reliance on fossil fuels.

Can GE turn Panama into a regional energy hub?

The use of the LNG regasification infrastructure will be a key aspect to turn Panama into a regional energy hub. GE established its first office in the Central America region in Honduras, in 1906. It has since expanded throughout Central America and the Caribbean and participated in large-scale projects, such as the Panama Canal.