Panama can become a "green energy hub" where generation is more with renewable sources, to displace fossil fuels, experts from the sector concluded in a virtual forum on the energy transition 2020-2030, organized by the Union of Industrialists of Panama with the participation of the Center for Environmental Advocacy and the Association of Large Electric Customers.

"It could be a green hydrogen energy hub. There are already large consumers such as South Korea, Japan, Germany, and we have logistical opportunities, "said renewable energy promoter Nanik Singh.

The businessman added that "clear goals must be established in terms of reducing emissions" to follow in the footsteps of countries such as Chile, Denmark, and Germany.

Until 2014, electricity generation in Panama depended on thermal and hydroelectric power. Six years ago, wind and solar plants began operating in the country.

Until May, wind generation represented 7% of the installed capacity, with 270 megawatts; and 5% photovoltaic with 194.6 megawatts, according to the National Authority of Public Services.