Panama city energy solar hydrogen storage

Can Panama produce green hydrogen by 2040?

According to the strategy, Panama has the theoretical potential to produce 4 million tonnes of green hydrogen per year by 2040. To achieve this, the country's electricity capacity would need to reach 67 GWh by 2040, which requires significant investments in renewable energy projects nationwide, the text of the strategy states.

Will Panama become a major player in the Green Hydrogen market?

According to the preliminary version of the strategy, Panama aims to significantly boost local production of 500,000 tons of H2V (hydrogen) and/or its derivatives by 2030, positioning itself as a major player in the Green Hydrogen market.

How much green hydrogen could be shipped through the Panama Canal?

Possible volumes of green hydrogen and derivatives that could be shipped via the Panama Canal are suggested at 81.8Mt by 2030 rising to almost 191Mt by 2050.

How much of Panama's bunkering supply is green hydrogen?

The strategy aims to have 30% of Panama’s bunkering supply sourced from green hydrogen by 2024. By 2050, the target is even more ambitious, with a goal of reaching 40% of Panama’s bunkering supply from green hydrogen, along with 30% for aviation and 30% for heavy cargo transport vehicles and machinery.

How efficient is solar hydrogen production?

The most efficient solar hydrogen production schemes, which couple solar cells to electrolysis systems, reach solar-to-hydrogen (STH) energy conversion efficiencies of 30% at a laboratory scale3.

What are some of Panama's green bunkering projects?

Panama's green hydrogen projects include the 'Production of H2V in Panama and transformation to green ammonia' for Green Bunkering, which will feature a 290 MW solar plant in the province of Colón. These projects encompass photovoltaic and wind technologies.