{"id":235498,"date":"2025-07-03T19:21:16","date_gmt":"2025-07-03T19:21:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/235498\/"},"modified":"2025-07-03T19:21:16","modified_gmt":"2025-07-03T19:21:16","slug":"bne-intellinews-ecuador-to-receive-1bn-in-energy-investments-from-china-and-spain","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/235498\/","title":{"rendered":"bne IntelliNews &#8211; Ecuador to receive $1bn in energy investments from China and Spain"},"content":{"rendered":"<p>Ecuador has secured $1bn in energy sector investments from Spain and China through 2026, government spokesperson Carolina Jaramillo announced, marking an early success from President Daniel Noboa&#8217;s recent diplomatic tour.<\/p>\n<p>Spain&#8217;s Cox Energy Group will invest $600mn across five renewable projects and an 80km transmission line through its subsidiary Cox Ecuador. The solar parks\u00a0include $102mn for Malchingu\u00ed in Pichincha province, $143mn for La Ceiba I and II in Loja, $146mn for Ilapo I and II in Chimborazo, $77mn for Matala in Loja, and $43mn for Tocachi in Pichincha. An additional $136mn will fund National Transmission System expansion.<\/p>\n<p>&#8220;This agreement reinforces the Government&#8217;s commitment to developing a sustainable, diversified, and resilient energy matrix,&#8221; Energy Minister In\u00e9s Manzano stated, as reported by\u00a0El Peri\u00f3dico de la Energ\u00eda. The projects will generate approximately 536.5 megawatts, significantly diversifying Ecuador&#8217;s electricity generation.<\/p>\n<p>Additionally, China&#8217;s Power China will contribute $400mn for renewable energy and storage projects, with resources arriving gradually through December 2026, according to the announcement. The company will also provide technical assistance to update Ecuador&#8217;s electricity master plan, unchanged since 2012.<\/p>\n<p>These investments aim to address Ecuador&#8217;s severe energy crisis, which has plagued the country since late 2023. With 72% reliance on hydroelectric plants, drought conditions have triggered devastating blackouts, including <a href=\"https:\/\/pro.intellinews.com\/ecuador-imposes-14-hour-blackouts-as-drought-cripples-power-grid-352691\/?source=ecuador\" target=\"_blank\" rel=\"noopener\">14-hour daily outages<\/a> during the most critical periods between September and December 2024. The Central Bank estimates power outage losses at $1.92bn, representing a 1.4% negative GDP impact, underscoring the urgent need for energy diversification.<\/p>\n","protected":false},"excerpt":{"rendered":"Ecuador has secured $1bn in energy sector investments from Spain and China through 2026, government spokesperson Carolina Jaramillo&hellip;\n","protected":false},"author":2,"featured_media":235499,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5312],"tags":[92041,92042,1395,92043,21434,1312,35,2000,299,3433,92044,104,5359],"class_list":{"0":"post-235498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-spain","8":"tag-bnl","9":"tag-business-new-latin-america","10":"tag-china","11":"tag-cox-energy-group","12":"tag-ecuador","13":"tag-electricity","14":"tag-energy","15":"tag-eu","16":"tag-europe","17":"tag-power","18":"tag-power-china","19":"tag-spain","20":"tag-utilities"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114790930167550026","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/235498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=235498"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/235498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/235499"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=235498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=235498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=235498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}