Nicaragua - Page 3 of 6 - New Energy Events

Geothermal plant in Nicaragua reached record-level power generation
July 6, 2018
Polaris Infrastructure, a Canadian company involved in operations, acquisitions and development of renewable energy projects in Latin America, provided an update on the operations of the geothermal plant in San Jacinto, Nicaragua. The company stated that the geothermal plant reached a record-level power generation of 139,000 MwH or approximately 63.5 MW, which was achieved […]
Nicaragua’s renewable energy market continues to grow
July 4, 2018
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 […]
IDB to invest $20m in renewable energy in Nicaragua
June 26, 2018
The Inter-American Development Bank is investing $20m in small and medium renewables enterprises in the country. Nicaragua is already obtaining 54% of its total energy production from renewable sources including geothermal, solar, biomass, hydro, and wind. This new line of credit provided by the IDB will keep strengthening the industry and help Nicaragua reach its […]
South Korea delegation explores hydroelectricity in Nicaragua
May 24, 2018
The Nicaraguan government is currently promoting investment projects in renewable energy with businessmen from South Korea. Upon completion of feasibility studies for large hydroelectric projects, Korean funds and multilateral funds will finance their construction and operation. The deputy director of the Ministry of Land, Infrastructure, and Transport, Ji Woo Kim, led the delegation, praising Nicaragua […]
IFC funding to encourage clean energy development in Nicaragua
March 15, 2018
Small and medium size entrepreneurs in Nicaragua are getting a big financial lift from a new IFC program. A member of the World Bank Group, IFC is structuring a will provide up to $115 million in financing to Nicaragua’s Banco LAFISE BANCENTRO, S.A., meant to boost access to credit for small and medium entrepreneurs and […]
Nicaragua seeks $15m for geothermal project from Climate Investment Fund
August 5, 2017
Reported this week, the Nicaraguan Government together with the World Bank have sought the approval of $15 million from the Climate Investment Fund for Nicaragua’s Geothermal Development Plan. As reported by Energia Limpia XXI the Climate Investment Fund is now studying the approval of the bid for $15 million allocation in funds ($7.7 million in grant and […]
Nicaragua takes steps to build distributed energy market
June 22, 2017
Enatrel, Nicaragua’s state-owned grid operator is conducting a feasibility study for small-sized solar PV and wind power systems. Once assessed, the next steps will be installation of distributed generation for residential, commercial, industrial and government buildings. According to Enatrel, these installations will be able to sell excess power to the local grid. The government is […]
Nicaragua’s San Jacinto geothermal plant drilling additional wells
June 20, 2017
Polaris Energy Nicaragua and geothermal drilling specialist Iceland Drilling Company (IDC) have signed a contract to drill additional wells at the San Jacinto-Tizate Geothermal Power plant in Nicaragua. In 2016, three new wells were drilled by the company and a workover conducted for four existing wells. The current drilling project started last month and already last […]
GEOLAC updates on Nicaragua’s San Jacinto geothermal project
April 28, 2017
At the GEOLAC conference in Mexico City, a brief overview on the situation in the geothermal market of Nicaragua was given by Laura Wendell Berman, Energy Specialist the World Bank and Mark Murnaghan, CEO of Polaris Infrastructure Inc. Discussing the market, an overview was given on the status of the San Jacinto geothermal field and […]