Nicaragua - Page 4 of 6 - New Energy Events

Nicaragua poised for geothermal boom, defines twelve areas for development
April 7, 2017
With large private and public investments and the support of the World Bank and the IDB, Nicaragua is ready to take advantage of its high renewable energy potential. With a potential of more than 2,000 MW, Nicaragua is one of the most attractive countries in Central America when it comes to investment into geothermal energy development. In 2014, […]
Nicaragua: Vendor selected for solar + battery storage project
March 17, 2017
ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for utility, commercial and industrial (C&I), and microgrid applications, has been selected to provide a 200kW (four hour) flow battery in Central America. The versatile zinc-iron redox battery from ViZn is being combined with an 800kWp solar array that will enable the Rancho […]
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, […]
Nicaragua seeks to increase electrification to rural areas
February 27, 2017
The European Union opened today in Nicaragua the call for projects under the Electrification Financing Initiative (ElectriFI), which seeks to bring electricity to disadvantaged sectors. “ElectriFI has at this moment an open call for the presentation of investment proposals. Nicaragua is one of the eligible countries, “said the European Union delegation based in Managua. The […]
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 […]
Nicaragua: Public and private sector to meet next month to define priorities for energy sector
January 5, 2017
In a portfolio totaling $600 billion, energy entrepreneurs have identified ten renewable energy projects – including geothermal, hydroelectric, wind, solar and biomass, the chairman of the House Energy of Nicaragua (CEN), César Zamora said yesterday. According to Zamora, energy entrepreneurs will meet with government officials in the first half of February to analyze the expansion plan in energy and […]
Japanese geothermal targets Latin America
November 30, 2016
Mitsubishi Hitachi Power Systems Ltd., a venture between Mitsubishi Heavy Industries Ltd. and Hitachi Ltd., is eyeing Latin America to export its geothermal turbines, hoping to supply equipment for projects backed by Japan’s aid agency. The company, which announced winning an order in October to supply a 55-megawatt turbine for a project in Costa Rica, […]
Nicaragua Textile Manufacturers Suffer From Expensive Energy
October 3, 2016
Textile sector growth in Nicaragua is limited by the cost of high electricity, according to the Nicaraguan Association of the Textile and Apparel Industry (Anitec). Excessively high rates discourage foreign investors who could enable the entry of textile companies and spinning mills into the country’s market. Electricity rates are currently so limiting that it makes […]
Inter-American Development Bank to finance $103.4m renewable power project in Nicaragua
September 13, 2016
Nicaragua will get support from the Inter-American Development Bank (IDB) for geothermal projects in the Cosigüina field. Located in the northwestern part of the country, the site will facilitate studies to ascertain the technical feasibility of a commercial-width well. It will also be the location for product development of mechanisms used to attract private investment. […]