Nicaragua’s renewable energy market continues to grow

Even though the social and political situation in Nicaragua has been unstable in the last couple of months, the investments in the renewable market –  particularly in the geothermal industry – have remained stable and strong.

Geothermal developer Polaris Energy recently stated that geothermal plant Jacinto-Tizate has generated US$14.7m this year, which represents a growth of 13% from the previous year.

The geothermal market represents between 15% and 20% of the total energy supply. Other sources of renewables such as wind, hydroelectric, and biomass energy have maintained positive investments. Today, 60% of the country’s total energy consumption is generated by renewable sources.