Business energy storage project financing options in Bolivia 2030

What will be Bolivia's energy transition?

This transition for Bolivia would be driven by solar PV based electricity and high electrification across all energy sectors.

Can Bolivia achieve 2 GW of operational capacity by 2030?

According to a report titled, “The development of a national energy transition strategy for Bolivia (2021-2051),” by Turner & Townsend and Cornwall Insight (British consultancy), by 2030, Bolivia can achieve 2 GW of operational capacity.

Will electricity demand increase in Bolivia in 2050?

Simulations performed using the LUT Energy System Transition model comprising 108 technology components show that electricity demand in Bolivia would rise from the present 12 TWh to 230 TWh in 2050, and electricity would comprise 82% of primary energy demand.

What are the policy guidelines for the energy sector in Bolivia?

The Bolivian government has established the following policy guidelines for the energy sector: energy sovereignty, energy security, energy universalization, energy efficiency, industrialization, energy integration, and strengthening of the energy sector (MHE, 2014).

Can solar PV reduce energy poverty in Bolivia?

These efficiency savings can be estimated to about 22%, 14%, and 26% for BPS-1, BPS-2, and BPS-3, respectively. Furthermore, large-scale development of solar PV, particularly in off-grid communities, can serve to reduce energy poverty in Bolivia (Sovacool, 2012).

How much power will Bolivia have by 2025?

More recently, Bolivia’s national electricity company (ENDE) projected that by 2025, 74% of the installed capacity will be from hydropower, 4% from non-hydro renewables energy, 12% from combined cycle plants, and 10% from thermal power plants (ENDE, 2016). These projections, though, only take into consideration the SIN.