Alternative Energy Growing in Panama

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.

Tuesday, September 20, 2016

Tax incentives included in Law 37 of 2013 and Law 38, as amended this year, are encouraging the development of renewable energy projects such as solar or wind plants in different areas in Panama. 

Experts in the subject consulted by Martesfinanciero.com indicated that there has been a growing interest on the part of small and medium sized companies to install renewable energy generation systems on a small scale. However, Carlos Montanez from the company Consultoría, Construcción y Mantenimiento (CCM), which specializes in small solar residential projects from 2 kwh to 150 kwh,   "... believes that there are insufficient incentives for small businesses. And he argues that large companies focused on commercial projects manage their costs better than those small businesses dedicated to the residential sector. "  

Data from the SNE projects that by 2020 the installed wind power capacity in the country will reach 668 MW. At the same time, the official goal is that by 2050 70% of energy be generated using renewable sources such as solar, hydro, biomass and wind.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Clean Energy: Growing Business in the Region

February 2019

In Central America and the Dominican Republic, the installed capacity of energy generation reaches nearly 20,000 MW, of which 62% correspond to clean sources.

Figures compiled by the Latin American Energy Organization (Olade) indicate that by 2017 the installed capacity of clean or renewable energy generators, including wind, hydro, solar and geothermal, exceeds non-renewable sources.

Costa Rica: The Luxury of Misery

January 2018

With 19% endemic poverty, 10% open unemployment and 40% informal employment, and some of the highest electricity rates in the region, Costa Rica is opposed to $1 billion in clean energy investments.

EDITORIAL

By Jorge Cobas González

Tender in Costa Rica for 140 MW of Energy

June 2012

The Costa Rican Institute of Electricity is inviting water and wind energy generating companies to participate in a tender, although it is not yet clear how it will be priced.

The ICE has announced a tender for the purchase of 140 MW of energy produced from renewable sources, for which $350 million has been allocated.

Clean Energy Investors Arrive

February 2012

Officials are awaiting the arrival of businessmen from England, Spain and Brazil who are interested in investing in projects that generate clean energy in Honduras.

Honduras is expecting the soon arrival of businessmen from England, Spain and Brazil who are interested in investing in clean energy generation, said the coordinator of Expo Energy and the Energy Advisor for Private Enterprise in the country, Hector Turcios.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Heavy Equipment: Reps Wanted

Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico.
The company manufactures and sells telescopic,...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Apr 8)
Brent Crude Oil
34.5
Coffee "C"
119.5
Gold
1,677
Silver
15.375