The greening of Panamas energy production

TAX BENEFITS from the construction of solar and wind power plants in Panama has led to applications for licenses to build  green energy plants that would more than double the current demand in the country.

The granting of new licenses by the Public Services Authority (ASEP)has been temporarily suspended in order to carry out a study to determine how the system will integrate the new plants.
The tax benefits from the construction of these types of power plants, coupled with a reduction in the cost of the equipment required, are part of the reasons behind the increase in the number of licenses for such plants in Panama reports CentralAmericaData.

“… Unlike hydroelectric and thermal plants, which on average are built with more than 100 MW of capacity, the majority of wind and solar plants are mini stations of 10 MW, in order to qualify for incentives.
In light of the boom, Etesa has asked the ASEP to temporarily suspend the granting of new licenses in order to carry out a study to determine how the system will integrate the new plants. “

Prensa.com reports that “… There are 772 MW of definitive licenses granted by Asep for solar generation and 1,191 MW being processed, having been requested by different companies and societies. For photovoltaic or solar power plants, the regulator has approved 328 MW in definitive licenses and 885 MW in provisional licenses. Of the total approved projects approximately 100 MW under construction and will join the network soon. “