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.
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.
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.
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.
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According to the International Renewable Energy Agency, the geothermal power generation potential of the region is 20 times higher than the current installed capacity.
The main reason behind the low utilization of geothermal energy is the high cost incurred in the initial stages of exploration and evaluation of available resources.However, once that stage is over, it becomes a more economical source of electricity than others, such as fossil fuels, according to studies by the International Renewable Energy Agency (IRENA).
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.
In a transaction whose amount was not disclosed, Globeleq Mesoamerica Energy and Actis sold 100% of the equity of the 125 MW wind farm Cerro Hula to Corporacion Multi Inversiones.
From a press release by Actis Energy:
Actis, a leading growth markets investor, and Mesoamerica, a Latin american investment management firm, today announced the sale of their stake in Globeleq Mesoamerica Energy (GME) to Corporacion Multi Inversiones (CMI) a corporation of Central American origin with activities across 13 countries. CMI is acquiring a combined 100% stake from Actis and Mesoamerica.
Of the 34,629 GWh generated in 2015 by the countries included in SICA, 68% came from hydropower, 11% from cogeneration in sugar mills, 11% was geothermal, 9% wind and 0.1% based on biogas.
From a report by Cepal entitled "Statistics of electricity production by countries in the Central American Integration System (SICA)":
In Costa Rica, 19 projects were selected as "eligible" by the state run power company, but the same institution has ruled out opening new competitions to purchase more wind-generated power.
EDITORIAL
Investment in alternative energy is risky, because it depends on uncontrollable external factors such as unpredictable weather variations, which have particular effects on hydraulics, solar and wind power.
A private sector union is convening a symposium on economic and energy perspectives on 8 March in the country.
The symposium is being sponsored by the Superior Council of Private Enterprise (COSEP) and the Chamber of Energy in Nicaragua (CEN) together with the NGO known as the Council of the Americas.
Trincheraonline.com reports that "... the economic panel of the symposium will include Mr.
The Salvadoran Industry Association is convening the third Regional Energy Congress on 20, 21 and 22 of July at the Sheraton Hotel in San Salvador.
From a statement issued by the Salvadoran Association of Industrialists (ASI):
The Congress is a coordinated effort by multiple actors and aims to promote a space to raise the discussion of the topic of energy at the highest level and to publicize the latest developments in the Regional Electricity Market (MER), renewable energy and energy management.
In Costa Rica, companies are reporting savings on their electricity bill of up to 30% after having migrated to biomass as a fuel source, and they are demanding legislation that favors its use.
The orange juice producer Del Oro in Costa Rica, achieved savings of up to 28% through the use of a biomass boiler that was installed in 2010, compared to what it cost to maintain it using bunker fuel.