Central America - Page 9 of 11

Nicaragua offers attractive incentives to geothermal developers
March 6, 2017
In a recent article by a lawyer from Nicaragua, an overview is given on the tax incentives for geothermal project development In Nicaragua. The country offers attractive tax incentives based on Act 443, “Law on the Exploration and Exploitation of Geothermal Resources” and any amendments thereto, published on November 17, 2014. The tax incentives available, […]
US Geothermal to participate in Guatemala’s geothermal RFP
February 8, 2017
Geothermal developer and operator U.S. Geothermal has announced plans to participate in a 40 MW Request for Proposals in Guatemala for geothermal with its El Ceibillo project in the country. On January 10, 2017, the Guatemalan government, through the National Electrical Energy Commission (COMISIÓN NACIONAL DE ENERGÍA ELÉCTRICA-“CNEE”), announced that it is preparing to issue […]
Central America receives $92.5m IFC investment for clean energy financing
January 24, 2017
IFC, a member of the World Bank Group, has provided $92.5 million in long term financing to four subsidiaries of Grupo Promerica in four Central American countries to boost access to finance for small and medium enterprises. Though small and medium enterprises are engines of job creation, representing 95 percent of all companies in Costa […]
Costa Rica seeks carbon neutrality by 2021
January 20, 2017
President of Costa Rica, Luis Guillermo Solis, announced during the opening of Abu Dhabi Sustainability Week that the country was aiming to achieve carbon neutrality by 2021. The Central American nation already sources 98 per cent of its electricity from renewables, according to the Costa Rican Electricity Institute (ICE). Costa Rica ran solely on renewable […]
El Salvador: $49/MWh solar in latest auction to bring 170MW wind and solar
January 13, 2017
Five projects totaling 169.9 MW comprising solar and wind projects were awarded this week in El Salvador’s second renewable energy auction. Winning bidders included a 50 MW wind project at $98.78/MWh and 119.9 MW of solar PV projects ranging from $49.55 – $67.24. According to El Salvador’s National Energy Board (CNE), the awarded projects will represent […]
Honduras: Vestas to build 59 MW wind
December 28, 2016
Honduras is getting 59 MW of wind in 2017. Vestas is entering the Honduras market – its second new market in 2016 – with firm and unconditional orders of 59 MW of V117-3.45 MW. Turbine delivery is planned for the first quarter of 2017, while commissioning is expected for the fourth quarter of 2017. Both orders […]
Coming to Costa Rica: charging stations for EVs
December 8, 2016
Costa Rica is a renewable energy powerhouse – often going weeks running its infrastructure with renewable energy only – so to lower carbon emissions further, the focus is shifting onto electric vehicles. South Korea’s POSCO ICT Co. announced Tuesday it has installed electric vehicle recharging stations in Costa Rica as part of its project to […]
IRENA helps Central America integrate renewables
November 6, 2016
The International Renewable Energy Agency (IRENA) has stepped in to help Central America meet its 2020 target for renewable energy. The “concrete results” expected include an 11% renewables generation target for the region; this will be facilitated by programs like the Renewables Readiness Assessment for Panama and the Clean Energy Corridor of Central America. Energy […]
El Salvador tender brings in over 1GW of bids
November 1, 2016
El Salvador’s renewable energy tender of 170 MW brought in over 1 GW of bids from 19 companies. The country’s power distributor, Delsur, said that the combined bids of 29 solar and wind projects total $2 billion. Proposals came from local and international investors, including US, Spain, France, Israel, UK and Germany. Delsur expects the […]