The Honduran Government and Meso-America Energy signed an agreement for the construction of a wind farm that will generate 100 megawatts of energy.
The agreement was signed by the president of Meso-America Energy in Honduras, Luis Javier Castro, the manager of the National Electric Energy Company, Rixi Moncada, and the president of Honduras, Manuel Zelaya and other officials as witnesses.
In a transaction whose amount was not disclosed, Globeleq Mesoamerica Energy and Actis sold 100% of the equity of the 125 MW wind farm Cerro Hula to Corporacion Multi Inversiones.
From a press release by Actis Energy:
Actis, a leading growth markets investor, and Mesoamerica, a Latin american investment management firm, today announced the sale of their stake in Globeleq Mesoamerica Energy (GME) to Corporacion Multi Inversiones (CMI) a corporation of Central American origin with activities across 13 countries. CMI is acquiring a combined 100% stake from Actis and Mesoamerica.
U.S. Geothermal has signed an agreement for the sale of up to 50 MW of geothermal energy a year for 15 years.
In a press release, the north American company reported that it signed a memorandum of understanding to negotiate the sale of energy to "one of the largest energy distributors in Central America", without revealing the name of the company.
Puma Energy Service stations and distributors of Castrol in the isthmus will market the lubricants Castrol GTX, Castrol Magnatec and Castrol EDGE.
A statement from Puma-Energy reads:
CASTROL AND PUMA ENERGY JOIN FORCES IN CENTRAL AND SOUTH AMERICA
February 5, 2013 - Puma Energy LLC ("Puma Energy"), one of the largest independent oil companies in processing, marketing and distributing fuels and Castrol the leading lubricants company in the world, announced the creation of a strategic alliance to commercialize Castrol automotive lubricants in the Central and South America market.
With Japan's help, Nicaragua is to build its first photovoltaic project capable of producing more than 900 kilowatts of solar electricity.
A donation from the Japanese government will enable the Nicaraguan Ministry of Energy and Mines to develop a joint project with the town of Diriamba to produce solar power, the first of its kind in Central America and the first in Nicaragua on such a large scale, according to Bismarck Pérez, the local Mayor.
A 480 MW thermal plant under construction in Colombia could export electricity to Central America.
The U.S. company Inin Corp., is studying exporting energy to Central America and the Caribbean from its Termo Palermo project in the Colombian department of Magdalena, which will have a capacity of 480 MW, said company general manager, Jorge Castellanos.
Negotiations have started to evaluate alternatives for integrating the Mexican electricity market into Siepac.
Salvador Lopez, temporary president of the Electric Interconnection System for Central American Countries (SIEPAC) told Prensalibre.com that in the meeting they will start to assess the legal mechanisms that could be used to realize the integration.
Enel Green Power says there is room to diversify sources of energy in Central America .
Representatives of the company, which has presence in Brazil, Mexico and Chile, have shown interested in developing geothermal projects in Guatemala, where they are diversifying the development of energy sources.
Transmission lines in the regional SIEPAC system are being used to distribute electricity internally in countries, curtailing their capacity for international exchange of energy.
When the US President Barack Obama visited Central America in 2013, he warned that "energy costs in this region are three times what electricity costs in Washington, and that represents a huge disadvantage for companies".Two years before that, all countries, from Guatemala to Panama, were committed to creating the necessary infrastructure for the Regional Electricity Market (MER) to be efficient.
More than 100 companies participated in the Central American energy sector in business conferences and lectures.
With expectations of potential investments generating more than $38 million, Energy Expo 2014 was a meeting between state representatives and employers in the renewable energy sector to discuss ongoing projects and expectations for the coming months.
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EuroProspect Alternative Energy is born from the need to attend to the renewable energy requirements of professionals in this area of the world. We aim to contribute to solving the problems derived from the expense, pollution and shortage of “traditional” energy sources in developing and/or remote areas of Latin America and the Caribbean.
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Phone: (305) 859-9877
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Phone: (502) 5819-8166 - (502) 2260-3103