Nicaragua: Incentives Required to Promote Renewable Energy
Companies in the sector are working on a proposal that would provide incentives to attract clean energy projects to the country.
Monday, August 23, 2010
The current legal framework only allows incentives for large-scale projects, excluding small investments, comments Leonor Gutiérrez, an energy sector consultant analyst.
An announcement has been made that solar energy projects that negotiated contracts with the state run power company and begin operating before July 31 will receive an incentive of $0.03 per KW / h.
The new mayor will maintain the ban on power plants using coal or bunker fuel, but accepted those running on clean energy.
5MW of capacity is the new total of the joint generation of the 86 solar projects that are registered with the National Secretariat of Energy.
Although the installed capacity is currently small, strong growth is projected in the region as a result of tenders with prices that favor large-scale projects.
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