Key Market Indicators
Ecuador's renewable energy generation is poised for significant growth, with projections indicating it will reach approximately 1.1 Terawatt-hours by 2028. This marks an increase from around 0.9 Terawatt-hours in 2023, reflecting an average annual growth rate of 3.4%. Since 2009, the country's renewable energy supply has consistently expanded, boasting an impressive average yearly growth rate of 9.6%. This upward trend underscores Ecuador's commitment to enhancing its renewable energy capabilities and reducing its reliance on non-renewable sources.
