The clean energy project will be developed in Panama, in an area of more than three thousand hectares, using wind turbines that will generate electricity interconnected to the national grid through a substation.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
Between January and August 2018 and the same period in 2019, electricity generation from hydraulic sources in Panama decreased by 40%.
According to the latest report of the General Comptroller's Office of Panama, in the first eight months of 2019 7,436 million kWh were generated, which is equivalent to a 3.3% increase over the 7,200 million offered in the same period of 2018.
In the first three months of 2019, 14 environmental impact studies were presented in the countries of the region to perform work on electricity grids and develop power generation plants.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
During 2018, 39 environmental impact studies were presented in the countries of the region to build energy generating plants and work on electricity grids, projects estimated at $455 million.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
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.
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.
Because of the behavior of the energy supply from renewable sources, between 2017 and 2018 electricity generation increased by 2%.
The latest report of the General Comptroller of Panama, details that in 2018 were generated 10,783 million kwh, which is equivalent to a 1.8% increase over the 10,597 million offered in 2017.
In Panama, bank credit for power generation projects grew 39% by November 2018, and the increase was mainly due to loans for clean energy projects.
According to the latest report of the Superintendence of Banks, in November last year the portfolio of loans granted to the country's industrial sector totaled $3.309 million, equivalent to a 30% increase over the $2.537 million reported in November 2017.
Lack of legal certainty, electricity theft and social conflicts are forcing businessmen in Guatemala's energy sector to choose to relocate their investments to El Salvador.
Last year, the companies Applied Energy Services (AES) and Corporación Multi Inversiones (CMI), both US and Guatemalan capital, decided to invest $47 million in solar energy projects, encouraged by the facilities offered to the energy sector in El Salvador.
In Panama, the 18 photovoltaic generation plants that together have an installed capacity of 143 MW, are still waiting for the government to grant new contracts.
According to statistics from the National Energy Secretariat, last year the country had an installed generation capacity of 3,423 MW, of which 4% corresponded to solar energy parks.
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.
From June 5 to 9, companies from the energy industry will be gathering together in San Pedro Sula to take part in business conferences and discuss issues that are relevant to the sector.
The initiative is being run by state entities and the private sector, and will take place between June 5 and 9 at the Convention Center of the Chamber of Commerce and Industry of Cortés (CCIC) in San Pedro Sula.
Construction projects for water treatment plants, and extensions to the Metro and the airport, are works that will considerably increase demand for electricity in the coming years.
According to the National Interconnected System Plan 2017-2031, construction of several water purification plants in different areas around the country will increase demand for electricity, as they are "...
In 2016, the average cost of 1 kWh in Central America was 13.48 cents, while in Costa Rica, it was 18.47 cents.
A report from the CEPAL indicates that in 2016, the average cost of one kilowatt hour (kWh) in Central America was 13.48 cents, while in Costa Rica it was 18.47 cents; 37% more for industrial consumption of 100,000 kWh.In El Salvador and Guatemala, it was 11.03 and 11.54 cents respectively. In Panama, 10.92 cents.
The National Interconnected System Expansion Plan for the period 2017-2031 will be put to public consultation until August 31.
The Expansion Plan for the 2017-2031 National Interconnected System was prepared by Etesa and will be available for public consultation until August 31.
Between May 2016 and the same month in 2017, 27 environmental impact studies were presented in the countries of the region for development of energy generation projects.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions in each country.