Clean Energy: Growing Business in the Region

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.

Thursday, February 21, 2019

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 is the country with the highest proportion of clean-source generation, with 84% of the total, followed by Guatemala, with 67%, Panama, with 64%, and Honduras, with 62%.

The countries reporting the lowest proportion of generation from renewable sources were El Salvador (59%), the Dominican Republic (44%) and Nicaragua (43%).

You may be interested in "$225 Million Investment in Energy Projects"

Regarding the change in the energy matrix in the region, Manuel Cabral, president of the Dominican Association of Electrical Industry (ADIE), told that "... a diversified energy matrix avoids dependence on a specific source of generation, which can create problems of shortage and high prices. Climate change, variations in fuel prices and other exogenous variables make having a diversified energy matrix a primary goal in electricity systems.

Cabral added that "... the main challenge in the National Interconnected Electricity System (SENI) is still the management and efficiency of energy distribution. This is one of the most critical issues to move towards full development and maturity and to be able to address future planning and ensure that all people receive affordable, safe and sustainable energy."

Regarding the investments made in this sector in Central America, CentralAmericaData reports detail that in the first nine months of 2018 were presented in the countries of the region 33 environmental impact studies to develop power plants and work on electricity grids. The amount projected to be disbursed amounts to about $225 million.

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