Paraguay Energy Storage Policy Document

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6 Frequently Asked Questions about “Paraguay Energy Storage Policy Document”

What is Paraguay's new energy policy?

The New Energy Policy aims to consolidate Paraguay's position as a key player in regional energy integration, through overarching goals to strengthen the national electricity sector and key subsectors such as: electricity, binational hydroelectric entities, bioenergy, renewable alternative sources, and hydrocarbons.

How can Paraguay improve energy security?

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.

What laws govern the energy sector in Paraguay?

Paraguay's energy sector is mainly based on five laws that regulate the use and/or exploitation of resources: The hydrocarbons law (Law No. 779 of 1995), which establishes the legal regime for the prospecting, exploration and exploitation of oil and other hydrocarbons.

Will Paraguay have more renewable capacity by 2025?

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.

Is Paraguay a sustainable country?

The Republic of Paraguay is committed to the sustainable development of its energy sector and society. The country is recognised globally for its clean energy matrix, with high shares of renewable energy and electricity generated mainly by hydropower.

What is the 2040 energy policy of the Republic of Paraguay?

These commitments are reflected in the guidelines provided by the 2040 Energy Policy of the Republic of Paraguay, which aims to promote the use of alternative energy sources, encouraging energy projects to mitigate and adapt to the efects of climate change, as well as to implement environmental services.

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