Costa Rica again boasts a landmark renewable energy achievement with the inauguration of the 305.5 MW Reventazon dam and hydroelectric plant. Build fully in-house by the Instituto Costarricense de Electricidad (ICE) and funded by a mix of local and international banks, the cost for the plant came to US$1.4 billion dollars and completed three months ahead of schedule. By providing enough energy to power more than 525,000 homes and export to other countries in the region, the Reventazon plant, Costa Rica will maintain independence in electrical power and reach its carbon neutral goals for reducing greenhouse gas emissions. ICE President Carlos Manuel Obregon expressed pride that Costa Rica is able to deliver the largest hydroelectric dam in Central America, “managed and created with Costa Rican talent, an impressive work that positions us as a leader in the socio-environmental management [of renewable energy infrastructure].” Costa Rica has gone more than 150 days with 100% renewable electricity in 2016.
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