Renewable Energy in Ecuador
We Have a Positive Outlook for Ecuador’s Power Sector, but Risks are Elevated Due to a Heavy Reliance on Hydropower
We expect real GDP in Ecuador to grow roughly 2%-3% over the next five years, which will lead to increased electricity consumption.
Electricity usage in Ecuador declined by an average of 2%-3% from 2015 to 2017 due to the economic recession and the impacts of the earthquake.
We expect economic growth to pick up throughout 2018 as oil prices continue to gradually recover.