Conflict around the Strait of Hormuz has placed energy security at the top of the political agenda for countries across the world. With the waterway carrying around a fifth of global oil and gas supplies, supply disruptions have exposed the vulnerability that comes with dependence on fossil fuels sourced from geopolitically unstable regions.
Four countries illustrate how domestic renewable power can provide a more durable alternative to such disruptions. Each has pursued that path for a different mix of economic and strategic reasons.
Paraguay has taken hydropower further than almost any other country. Nearly all of its grid electricity comes from large dams, several operated jointly with Brazil. The economics are favorable: abundant generation has made electricity cheap and created a marketable surplus. Vehicles remain dependent on petroleum, representing the one sector where the transition has yet to take hold. In its electricity system, Paraguay has already reached the clean energy self-sufficiency most nations are still targeting.
Norway powers its domestic economy almost entirely on hydropower, which generates close to 95% of its electricity. As a major oil and gas exporter, Norway has maintained stable domestic energy costs. Fuel price shocks that have affected most of Europe have passed its households largely by. Norway is building on that foundation, expanding its offshore wind sector. Working toward full electrification of road transport is part of a broader push to remove fossil fuels from all domestic sectors.
Ethiopia is establishing itself as one of Africa’s leading renewable energy nations. Large hydropower installations provide the foundation, while solar and wind capacity are expanding across the country. Renewables now account for the vast majority of Ethiopia’s installed generation capacity.
The country is using renewable infrastructure to extend electricity access to isolated communities. This simultaneously builds a domestic economic base that requires fewer imported fuels. By that measure, Ethiopia ranks among the most advanced renewable systems on the continent.
Nepal has also scaled its hydropower sector rapidly, bringing renewables to close to 98% of total installed power capacity. Mountainous terrain and widely dispersed settlements create real infrastructure barriers. The government is addressing them through decentralized systems that carry electricity to communities beyond the main grid.
A parallel effort is pushing rural households toward cleaner cooking methods. The change carries meaningful health benefits, particularly in homes where children and women bear the greatest burden of indoor smoke exposure.
Across four very different economies, control over domestic energy sources is reducing vulnerability to the disruptions and price volatility that fossil fuel dependence creates. The transition also delivers secondary benefits: cleaner air, new employment, and lower long-term costs.
As many more companies like Turbo Energy S.A. (NASDAQ: TURB) come up with innovative renewable energy solutions and scale them, many more countries could increase the share that these sources of energy hold in their energy mix.
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