Last year, in its December 2020 renewable energy auction, the government awarded Solarpack Corporación Tecnológica, S.A. a long-term concession contract for the 258 MW solar PV project, El Aromo, located in the province of Manabí. This project will significantly increase solar generation capacity in Ecuador.
GlobalData, a data and analytics company, projects strong growth in Ecuador’s solar capacity during this decade: “With an expected growth of about 15% over the decade, an optimistic scenario reflects a situation where annual installations pick up the pace every year starting from 2023 …[with] cumulative installed capacity of more than 4GW by 2030.”