Renewable Energy Consumption: Panama

Analysis# Panama Renewable Energy Consumption Panama's renewable energy consumption stood at 28% of total energy in 2021, representing a modest recovery from a historic low of 19% in 2019. This figure remains substantially below the country's all-time peak of 43% in 1990, marking a 34.9% decline over three decades. The downward pressure reflects Panama's expanding energy demand and increased reliance on fossil fuels as the economy grew. The 2020-2021 period demonstrates a notable reversal, with renewable consumption jumping from 19% to 28.5% before stabilizing at 28% in 2021. This uptick suggests growing hydroelectric capacity and renewed investment in renewable infrastructure after years of decline. Sustained growth in this trajectory would position Panama to approach 30% renewable consumption, though returning to 1990 levels would require significant policy acceleration and infrastructure expansion.