Obama Could Bring Clean Energy Investments.

In his meeting with the Central American presidents, President Obama could raise the matter of potential investments in the region by specialist U.S. companies in the sector.

Monday, April 29, 2013

In Central America, most of the investments in electricity generation with plants based on renewable resources, so far have been from Europe.

The information was confirmed by Washington's ambassador in San Jose, Anne Andrew. According to the diplomat, there are many opportunities for U.S. companies to develop power generation projects based on sources such as the sun, wind or natural gas.

Andrew said that the leaders will discuss "where are the investment opportunities in this field," citing as examples the joint investment by firms Ad Astra Rocket (Costa Rica) and Cummins Engine (U.S.) to create energy generators powered by hydrogen.

More on this topic

Financing for 378 MW Gas Plant

March 2019

The U.S. government approved up to $350 million to finance part of the construction of the liquefied natural gas (LNG) power generation plant EDP in Acajutla, El Salvador.

The U.S. government, through the Overseas Private Investment Corporation (OPIC), approved the financing on March 20, 2019, according to the U.S. Embassy in El Salvador.

Contradictions Between Conservatism and Development

May 2013

The laws in Costa Rica are an obstacle to attract more Foreign Direct Investment and cooperation on clean energy.

Despite this, the government of Laura Chinchilla has asked U.S. President Barack Obama for more cooperation in developing clean sources of energy production.

Central American Energy Market

May 2013

"Energy costs in this region are three times the cost of electricity in Washington, that is a huge disadvantage not only for businesses but for families", said Barack Obama.

According to the U.S. president Central America should make it a priority to create a regional energy market, which would lower the cost of energy, improving competitiveness.

Obama Meets With Businessmen Interested in Central America

April 2013

In preparation for his visit to the region, the U.S. president is meeting with business leaders who have a "significant presence" in Mexico and Central America.

According to the White House, the goal is to talk with employers, before his trip to the region next week, about "opportunities to expand U.S. trade with Mexico and Central America", with the goal of creating jobs and "reducing barriers to growth" in the region.

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