In June 2025, Executive Decree 32 amended the Regulations for the Organic Law of the Electric Public Power Service (“LOSPEE”) to require high-voltage consumers to install power generation systems to cover their demand until December 18, 2026. . Ecuador's National Assembly has unanimously approved a new law to promote private initiative in energy generation. Key provisions include: Automatic State incentives for private projects using solar, wind, hydro, or. . Spanish utility Cox Group has secured concessions in Ecuador to develop eight renewable energy and infrastructure projects totaling over US$700 million in investment. The projects include more than 600 MW of solar capacity paired with over 1,200 MWh of battery storage, plus a new transmission line. . During a prolonged dry season in 2024, Ecuador's over-reliance on hydropower (78 percent of total generation) resulted in daily blackouts of up to 14 hours, hurting economic activity. According to Ecuador's Central Bank, power outages caused economic losses of about $2 billion in 2024. In 2024. . Article written by the Energy Transition team at ThirdWay Partners. Ecuador is grappling with a severe energy crisis, marked by daily power cuts lasting up to 12 hours. In 2018, the national government decided to merge the Ministries of Hydrocarbons, Mining and Electricity into a single Ministry of Energy and Mines in search of economic austerity measures; the Vice-Ministry of Electricity and Renewable Energy, which is the delegated entity of the. .
