Panama radiance energy corporation

Who owns radiance energy?

This year, the global investment group EURAZEO acquired the remaining stakes to become a 100% shareholder of RADIANCE Energy. RADIANCE Energy announces a change in the company’s management. Jean-Marc Bazenet has been appointed as the Group’s new CEO Expansion and consolidation of long-standing partnership with IKEA.

What are the challenges facing Panama's energy sector?

Challenge: Planning will remain an important cross-cutting area for Panama’s energy sector, as planners must cope with rising variability and uncertainty from the envisaged high penetration of solar and wind generation through to 2050.

Does Panama have solar power?

Since 2014, investments in solar and wind energy have grown markedly. Today, more than two-thirds of Panama’s electricity generation comes from clean sources, primarily through the contribution of hydropower. The country also has the largest wind farm in the region, and solar power generation – although still modest – has begun to take of rapidly.

Does Panama offer tax incentives for wind & solar energy?

More recently, Panama established tax incentives for wind and solar energy. Law 44 of 2011 created wind-specific auctions, as well as accelerated depreciation on wind equipment and tax exemption for up to 15 years for wind equipment producers based in Panama.

Does Panama have a wind energy potential?

Ofshore wind energy potential has yet to be assessed. Panama has 270 MW of installed wind power capacity, located entirely in the municipality of Penonomé, in the province of Coclé (SNE, 2015).

Will Panama have a higher share of coal in the power mix?

Concerning electricity, the reference case shows that Panama’s demand growth trajectory would lead to a higher share of coal in the power mix by 2050. The ambitious scenario, however, suggests that renewable energy could reach 70% of supply in the next 35 years, while meeting growth in demand (SNE, 2015).