This country runs on 98 percent renewable energy | Ramón Méndez Galain

This podcast episode discusses Uruguay's successful transition to renewable energy and its positive impact on the economy. With no proven fossil fuel reserves and difficulties in importing electricity, Uruguay implemented a comprehensive model that focused on a just and sustainable transition to renewable energies. Through the use of solar, wind, and biomass power, Uruguay achieved 98% of its electricity generation from renewable sources. The country also developed innovative software to manage intermittent energy sources effectively. The transition to renewable energy has not only been cost-effective but also led to significant economic benefits, including savings of $500 million annually and attracting $6 billion in investments and creating 50,000 new jobs. Uruguay's renewable energy model can serve as a replicable example for other countries, emphasizing the importance of strong leadership, political will, and a flexible power system. Main points • Uruguay faced an energy crisis 15 years ago due to rapid growth in energy demand without fossil fuel reserves or reliable electricity imports. • Ramon Mendez Gala proposed a comprehensive approach to transitioning to renewable energy, and negotiations with political parties ensured long-term policy continuity. • Uruguay transitioned to almost completely renewable energy in just five years, using non-traditional sources like solar, wind, and biomass. • Groundbreaking software based on historical data and weather forecasts allowed Uruguay to manage intermittent energy sources effectively. • The use of flexible fossil fuel power plants was minimized, with biomass power plants serving as backup during low wind or sun availability. • Uruguay achieved renewable electricity generation without relying on battery storage or other modern electricity storage technologies. • The transition to renewable energy significantly reduced the cost of electricity production and attracted investments, leading to job creation and economic growth. • The replicability of Uruguay's renewable energy model can be achieved by countries with strong leadership and political will, although each country needs to define its own transition process. • Uruguay's business model for renewable energy is based on long-term contracts that specify the percentage of renewable sources, minimizing overall system costs. • Renewable energy offers opportunities for building robust power systems and stimulating economic growth without compromising environmental sustainability.