In a global context that demands an energy transition and the decarbonization of the power matrix, hydropower stands out as an essential energy source for Latin America and the Caribbean. The recent report by the Latin American Energy Organization (OLADE) highlights that the region has an extensive hydropower infrastructure, which on average is more than 30 years old. This presents a significant opportunity to modernize and optimize these assets, ensuring their efficiency and climate resilience.
The document states that, according to the International Renewable Energy Agency (IRENA), it will be crucial to substantially increase installed capacity, reaching over 2.900 GW globally by 2050, requiring an annual addition of approximately 46 GW. In Latin America, major projects such as Manseriche in Peru (7,550 MW), Zamora G8 in Ecuador (3,600 MW), and Ituango in Colombia (2,400 MW) illustrate the region’s potential to contribute to this goal.
However, the challenges are considerable. Economic feasibility and current socio-environmental requirements complicate the development of new projects. The report indicates that overcoming these difficulties will require strategic investment in pumped-storage technologies and in the modernization of existing infrastructure, thereby ensuring the stability and reliability of the power grid.
At this juncture, Latin America and the Caribbean must regard hydropower as a strategic axis in the agendas of governments, institutions, and the private sector, promoting a more sustainable and equitable future for generations to come.
Download the technical note at the following link:
https://www.olade.org/publicaciones/nota-tecnica-no-7-panorama-de-la-energia-hidroelectrica-en-america-latina-y-el-caribe/
