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.

Why should you invest in a green hydrogen plant in Paraguay?

The green hydrogen plant represents a significant investment opportunity in the Paraguayan energy sector. In addition to creating direct and indirect jobs, this project will attract investors looking for projects aligned with sustainability and carbon emission reduction goals.

Why should you invest in Paraguay?

For investors and foreigners interested in Paraguay, these milestones represent a promising growth environment and an emerging market full of opportunities. The country is opening its doors to the world and is ready to take full advantage of its economic potential and rich resource base.

How will Paraguay's new power plant affect the economy?

The plant is expected to generate more than 4.000 direct and indirect jobs during construction and more than 2.000 permanent jobs once it is operational. In addition, it is expected to increase Paraguay’s exports by around US$1.000 billion annually, becoming a key driver for the country’s economic growth.

What are the most ambitious projects in Paraguay?

1. Paracel: Transforming the Forest and Paper Industry in Paraguay The Paracel Initiative This is one of the most ambitious projects in recent history and one that will underpin Paraguay's future. It involves the construction of a pulp mill in Concepción, a region in the north of the country.

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.