Within the framework of the ENERGreen Talks forum, Ecuadorian authorities and Spanish businesspeople are analyzing business opportunities under a new framework of legal certainty and a commitment to renewables.
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Authorities from the Government of Ecuador and representatives of the CEOE In Madrid, they presented new investment opportunities focused on the energy transition and infrastructure. The meeting highlighted a portfolio of renewable energy and transmission projects valued at over $7.500 billion, offering legal certainty to Spanish companies.
Bilateral strength and legal framework for investment
The event, held within the framework of the second edition of the forum ENERGreen TalksIt served to reaffirm confidence in the economic potential of the South American country. Married Narcissus, Permanent Secretary of CEIB and Director of Relations with Ibero-America of CEOECasado highlighted the presence of over one hundred Spanish companies in strategic sectors of Ecuador. He emphasized the importance of stability mechanisms such as the Multiparty Trade Agreement with the EU and the Convention for the Avoidance of Double Taxation.
For her part, the Ecuadorian ambassador to Spain, Wilma AndradeAndrade emphasized his country's role as a "natural ally" of Europe in decarbonization. He noted that public-private collaboration opens real avenues for technology transfer and recalled the recent approval of the Urgent Organic Law to Promote Private Initiative in the Renewable Energy Transition, designed to modernize the national economic structure.
The Region of Madrid, the Director General for Energy Transition, Carolina AparicioAparicio valued the friendly relationship between the two countries, with more than 150.000 Ecuadorians residing in the region. He emphasized that, although Ecuador is a "hydroelectric giant" with 70% of its energy mix based on this source, it needs to diversify into wind, thermal, and solar technologies.
Logistics strategy and resilient infrastructure
During the segment dedicated to connectivity, the Deputy Minister of Infrastructure of Ecuador, Paolo CarpioHe outlined the reorganization strategy of pipeline of projects. The goal is to attract private capital through long-term contracts and concession models that ensure "predictability and attractive returns".
The National Development Plan 2025-2029 prioritizes energy logistics corridors that link territorial development. Carpio He stated that "a country that invests in being fully connected is a country that moves forward," inviting co-investment in complementary sectors such as agricultural production and export logistics.
Key figures for the energy and transmission portfolio
The general manager of the Ecuadorian Electricity Corporation (CELEC), Jorge Antonio JácomeHe detailed the specific figures for the energy transition. The country has identified a potential exceeding 35.000 MW in hydroelectric, solar, wind, and geothermal sources. The current portfolio structured by the corporation includes large-scale projects such as the San Miguel and Mazar Flotante solar initiatives, and the Villonaco 2 wind farm.
| Project Type | Capacity / Details | Estimated Investment (USD) |
|---|---|---|
| Renewable Projects (Total) | Portfolio of 10 projects (> 5.000 MW) | ~6.000 million |
| Hydroelectric power | Projects like Cardenillo and Santiago | > 5.000 million |
| Solar and Wind Energy | Co-investment opportunities | > 500 million |
| Electrical Transmission | 19 projects (including the Peru interconnection) | > 1.500 million |
The proposal seeks to consolidate a modern, competitive and resilient electrical system, strengthening energy security and regional integration through new substations and the Ecuador-Peru interconnection.
Key points and frequently asked questions about investing in Ecuador
What energy potential has Ecuador identified? The country has identified a potential exceeding 35.000 MW by harnessing hydroelectric, solar, wind and geothermal resources, with a current energy mix that is 70% dependent on hydroelectric power.
What legal guarantees does the country offer to investors? Ecuador has a stable framework based on the Multiparty Agreement with the EU, double taxation agreements and new regulations such as the Urgent Organic Law to Promote Private Initiative in Renewables.
What is the required investment volume for electricity transmission? La CELEC It presented a portfolio of 19 transmission projects valued at more than $1.500 billion, vital for energy security and regional integration.
