During an international tour led by President Daniel Noboa, the government of Ecuador presented a strategic investment portfolio for the electricity, mining, and hydrocarbons sectors in Belgium to European investors and business representatives.
Inés Manzano, Minister of Environment and Energy, led technical meetings and outlined the country’s opportunities. She emphasized Ecuador as a reliable destination for investment with legal security, clear rules, and a long-term vision.
The government highlighted that nearly 75% of Ecuador’s national energy demand was met by renewable sources in 2025. Plans are underway to further expand renewable energy through several large-scale projects: solar power projects totaling 2 GWp are under pre-feasibility analysis; wind power includes 1 GW identified with up to 4 additional GW possible; geothermal energy studies are targeting 140 MW; and over 4 GW in hydropower projects have been identified and studied. Key initiatives include the Santiago project (2,400 MW with an estimated investment of USD 3 billion) and Cardenillo (600 MW at USD 1.3 billion).
The hydrocarbons sector is also moving toward greater energy security and transition efforts. In 2025, average crude oil production reached approximately 465,800 barrels per day. The portfolio anticipates USD 37 billion in private investment aimed at new reserves, increased production, offshore natural gas development, and modernization of oil fields. The Intracampos III round and offshore blocks are being prioritized.
EP Petroecuador is implementing investments totaling USD 685 million focused on efficient exploration and production. Efforts include using BOOT schemes for associated gas utilization, reducing gas flaring gradually, and upgrading transport and refining infrastructure.
Ecuador is promoting responsible mining practices as part of its policy under President Noboa. With only about 6.53% of its territory under concession, the country seeks to position itself as a new destination for mining aligned with environmental, social, and governance standards. Large-scale mining projects such as Fruta del Norte and Mirador demonstrate international standards in operation. ENAMI EP is fostering partnerships while highlighting the Llurimagua mining project as an opportunity for foreign investment.
“The Ecuador is a reliable partner committed to sustainability,” said Minister Manzano while inviting European companies to participate in projects supporting both the country’s development and its energy transition.
