El Salvador Seeks German Investment

The country is seeking investment in the renewable energy sector, especially in geothermal and wind power generation.

Wednesday, October 20, 2010

Foreign Minister Hugo Martinez, who is in Germany, told El Mundo: "We believe we can create an investment mechanism that could help the country in the diversifying the power grid.”

“Today he is scheduled to meet with the Minister of Cooperation, Dirk Niebel, who recently visited El Salvador to work on details about a loan for landfills and on a second debt swap, which would be focused mainly on urban communities at risk.”

More on this topic

Central America's Geothermal Potential

May 2013

Nicaragua alone has geothermal potential of 2000 MW , and the region as a whole has total exploitable potential of 5000 MW.

The Geothermal Regional Training Center, based in El Salvador, is promoted by the German Agency for International Cooperation (GIZ) and has the cooperation of the Inter-American Development Bank (IDB).

Global Push For Geothermal Energy

March 2013

The World Bank is calling for a Global Geothermal Energy Development Plan in order to take advantage of subsurface heat available in many countries, including those in Central America.

From an article by the World Bank:

"Geothermal energy could be a triple benefit to developing countries: it is clean, reliable and locally produced.

Geothermal Energy in Nicaragua

March 2012

The volcanic mountain range of los Maribios could potentially generate more than 1,500 megawatts for the country.

Studies by the Ministry of Energy and Mines (MEM) estimate that the volcanoes of the Los Maribios range, along the Pacific area, could give the country a generation potential of more than the 1,500 megawatts in 12 areas or geothermal fields, a capability that could liberate Nicaragua from dependence on oil as a source of electricity.

Panama To Invest $3.93 Billion in Energy Projects

April 2010

22 new energy generation projects are planned for the next four years.

They will add 1.061 MW to the country’s power grid, an 87% increase over Panama’s current energy generation capacity (1.208 MW).

“The focus will be put on hydroelectric power generation projects, in which $1.73 billion will be invested”, reported Panamá América.

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