Guatemala Energy Market
With demand for electricity expected to double over the next decade, Guatemala is aiming to position itself as a regional hub for energy investment and infrastructure development.
The National Energy Plan of Guatemala defines the promotion of renewables as a priority. The plan aims to promote the use of clean and environmentally friendly energy for domestic consumption without losing sight of energy security and the need for supplying electricity at competitive prices.
This page is part of Global Energy Monitor 's Latin America Energy Portal. In 2018, Guatemala derived 57.43% of its total energy supply from biofuels and waste, followed by oil (29.54%), coal (7.68%), hydro (3.22%), and other renewables such as wind and solar (2.12%).
Within that context, energy security is to be defined with accordance to to the electricity supply, taking into account needs and objectives of the country's energy policy . The key aspects of the energy security perspective in Guatemala are: adequacy, resilience and sovereignty .
Due to this high dependency on hydrocarbons, Guatemala categorizes as a net energy importer . However, the Guatemalan authorities have planned and implemented significant measures to change the country's energy mix, and promote further energy production sources, including renewables .
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