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The project, slated for completion in 2025, marks a significant milestone in Guatemala's energy landscape as it introduces the country's first mid-scale power plant operating on natural gas.
Guatemala has 69 utility-scale power plants in operation, with a total capacity of 3421.5 MW. This data is a derivitive set of data gathered by source mentioned below. Global Energy Observatory/Google/KTH Royal Institute of Technology in Stockholm/Enipedia/World Resources Institute/database.earth
In a pioneering move for the region, the power plant will utilize locally produced natural gas. This departure from imported coal, diesel, or heavy fuel oil commonly used in Guatemala underscores the commitment to environmental sustainability.
According to the International Hydropower Association (IHA)'s 2017 report on global hydropower status, Guatemala ranks 20th worldwide in the new hydropower installed during 2016 with 163MW capacity added that year . Also the country ranks 6th in the Northern and Central America region with total installed power approximately 1154MW .
HOUSTON/WASHINGTON, D.C., March 19, 2025 — The U.S. energy storage market set a new record in 2024 with 12.3 gigawatts (GW) of installations across all segments, according to the latest U.S. Energy Storage Monitor report released today by the American Clean Power Association (ACP) and Wood Mackenzie.
Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.
“Energy storage has entered a new phase of growth with its first year of double-digit deployment. We are increasingly seeing the industry's growth diversified across geographic regions, with 30% of storage capacity additions in Q4 2024 represented by New Mexico, Oregon, and Arizona,” said Kelsey Hallahan, ACP Sr. Director of Market Intelligence.
The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over-year in 2024 and are expected to go beyond the terawatt-hour mark before 2030.
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