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 Eldinero.com.do 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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More on this topic

Electricity: Thermal Sources Boost Generation

July 2019

Because of the behavior of the energy supply from thermal sources, between January and May 2018 and the same period in 2019 the generation of electricity in Panama increased 4%.

The latest report of the General Comptroller of Panama, details that in the first five months of 2019 were generated 4,634 million kwh, equivalent to a 3.9% increase over the 4,460 million offered in the same period of 2018.

Dominican Republic: More Renewable Energy

August 2018

The union for the sector stated that in the next months 180 MW of wind energy and 58 MW of solar energy will become part of the country's energy matrix.

Representatives from the Dominican Electrical Industry Association (ADIE) announced that in the remainder of 2018 five projects, representing an investment of around $500 million, will start operating. 

Panama: Electricity Supply Up 3%

June 2018

During the first four months of the year, 64% of electricity was generated from hydraulic sources, 21% from thermal, 10% from wind, 2% from solar and 2% was from self-generation.

According to the most recent figures from the Comptroller General of Panama, in April 2018, 908 million kwh were generated, equivalent to an increase of 3.3% compared to the 879 million supplied in the same month in 2017.

Little Leverage of Solar Energy

April 2018

As of February 2018, Costa Rica had an installed solar capacity of 27 MW, which is equivalent to only 0.76% of the equipment interconnected in the National Electric System.

According to a study carried out by the Costa Rican Solar Energy Association (Acesolar), whose final results will be published next month, Costa Rica is lagging behind in the use of solar energy, even compared to other Central American countries.  

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