In 2023, Honduras shows a commendable commitment to low-carbon electricity, with more than half of its electricity deriving from clean sources. Notably, hydropower accounts for almost a third of the electricity generation, making it the backbone of the country's low-carbon efforts. Biofuels add around 10%, while solar contributes close to another 9%, and wind energy makes up nearly 6% of the mix. Additionally, geothermal energy provides roughly 3%. Together, these sources portray a nation leaning towards sustainable electricity with fossil fuels still supplying close to 38% of the demands, leaving room for improvement in reducing emissions further.

Is Electricity Growing in Honduras?

Unfortunately, electricity consumption in Honduras has faced a slight decline recently. In 2023, the per capita electricity consumption registered at 1,120 kWh, reflecting a decrease from the 2019 peak of 1,146 kWh per person. Likewise, low-carbon electricity generation has observed a dip, from a previous high of 703 kWh per person in 2021 to 677 kWh in 2023. These downward trends highlight the necessity for renewed growth and innovation within the electricity sector to ensure a sustainable and prosperous future.

Suggestions

To bolster its low-carbon electricity generation, Honduras can take inspiration from regions around the world that have effectively leveraged both solar and nuclear power. For instance, Nevada and California have significantly increased their solar electricity generation to 35% and 31%, respectively. This showcases the potential for harnessing solar energy in sun-rich environments. Furthermore, countries like France and Slovakia derive more than half of their electricity from nuclear energy, demonstrating its reliability and effectiveness in providing a steady flow of clean power. By expanding solar capacity and considering the addition of nuclear energy, Honduras could enhance its energy security and environmental outlook.

History

Historically, Honduras has been gradually growing its low-carbon electricity generation repertoire. In the late 1980s and early 1990s, hydropower saw incremental rises most years, although the mid-1990s witnessed some setbacks. Entering the new millennium, biofuels began to contribute, with solar making notable inroads by 2015. In 2018, wind power also added to the low-carbon mix, while hydropower continued to show variability through the years. In more recent times, particularly 2021, there was significant growth in hydroelectric generation. This historical development serves as a foundation for a more diverse and resilient green energy future.

Electricity Imports and Exports

Balance of Trade