The drop in oil prices has made clean energy less profitable, going from 30%, in previous years to 12%.
The approval of the General Electricity Law passed in Guatemala ten years ago encouraged a boom in the generation and transmission of electricity in the country, including from renewable sources. In the past five years, 28 new hydropower stations of over 5 MW were set up.
The regional electric interconnection system will begin this month with the first line between Guatemala and El Salvador.
The project, which will increase transmission and commercialize electricity from Guatemala to Panama, is gradually beginning to take shape.
The first line, 99 miles in length, is in the testing phase and is expected to commence regional commercialization next year, said Guatemala’s Vice Minister of Energy, Minor Lopez.