Nicaragua - New Energy Events

Nicaragua welcomes first solar plant with battery storage
May 16, 2024
The El Jaguar photovoltaic plant, a 16 MW solar facility located in Malpaisillo, Nicaragua, has begun supplying electricity to the national grid. It features nearly 40 bifacial solar panels along with a Battery Energy Storage System (BESS), making it the country’s first of its kind. Source: PV Magazine LATAM
Seven groups show interest in Nicaragua’s 15 MW solar PV plant tender
July 19, 2023
Seven groups are interested in bidding for a 15 MW solar photovoltaic plant tendered by Nicaraguan state water utility Enacal. The reference budget for the 18-month project is US$18.4 million and the bidding deadline is August 2. Source: BNAmericas
Polaris Infrastructure secures USD 110 million debt refinancing
February 26, 2022
Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy
Ormat wins contract for San Jacinto geothermal plant expansion
August 13, 2021
Polaris Infrastructure Inc. announced today that it has signed a definitive agreement with a wholly subsidiary of Ormat Technologies Inc. for the supply of a 10 MW (net) Binary Unit at its San Jacinto geothermal power plant in Nicaragua . The additional Binary Unit is in response to Polaris’ previously announced December 2020 extension of the Power Purchase Agreement […]
Latin American and Caribbean countries use volcanic landscapes to tap geothermal energy
May 8, 2021
Geothermal, a renewable energy source that involves drilling for hot steam deep underground, currently provides less than 1% of the world’s energy. It’s a resource that could theoretically be accessible everywhere on the planet. Advocates are particularly interested in increasing its footprint in developing countries, such as Latin America and the Caribbean, to help boost […]
Polaris renegotiates PPA terms for geothermal plant in Nicaragua
December 24, 2020
Canadian renewables developer Polaris struck a deal to add ten more years to their power purchase agreement (PPA) tied to its San Jacinto geothermal power plant in Nicaragua. Source
Scientists link record-breaking hurricane season to climate crisis in Central America
November 19, 2020
Climate scientists say that this year’s record-breaking hurricane season and the “unprecedented” double blow for Central America has a clear link to the climate crisis. Source
Nicaragua inaugurates new solar plant
July 22, 2019
A 2.1MW hybrid solar and thermal plant in Corn Island, Nicaragua has entered into commission. The solar installation, Caribbean Pride Solar Energy Plant, has over 6300 solar panels, and a large storage and distribution system. This renewable project will provide electricity for the 1943 homes on Corn Island, and will save 30 000 gallons of […]
Nicaragua obtains financing for 50MW solar project
June 28, 2019
Nicaragua announced it has secured funding for the installation of a 50MW solar PV plant. This project is led by the Ministry of Energy and Mining, Enatrel. The plant’s capacity could reach 100MW after the project’s second phase. No details have yet been released in regards to the exact amount of capital to finance the […]