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.
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.
Of the 2.4 million megawatt hours generated in the first quarter of the year in Honduras, 36% came from water sources.
According to figures from the National Electric Power Company (Enee), in the first quarter of 2018 thermal plants supplied the system with 581 thousand megawatt hours, which is equivalent to 25% of the total.
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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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.
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.
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.
Small investors have bought $15 million in shares ranging from $1,000 to $20,000, from a trust that will finance a wind project in Uruguay. Another $62 million will be offered to institutional investors.
EDITORIAL
The offer received in the Uruguayan Securities Exchange from small investors reached $100 million, a clear sign of the high interest in the prospective investment which has a mitigated risk as it is a project by a strong state run enterprise, with a return almost assured, estimated at about 11.5% a year, in the 20 years which is the term of the share certificate.
The fall in oil prices has reversed the cost equation which previously favored investment in renewable energy.
EDITORIAL
The effect of the price of a barrel of oil falling below $50 is now being felt in the decisions which must be taken by energy buyers and regulatory officials in the electricity markets. The thing is that -suddenly - electricity produced using hydrocarbons may cost less than energy from solar power, and even hydroelectricity.
The company Vientos de Electrotecnia has started testing its wind turbines at the plant in San Marcos, Choluteca, and projects that the formal start of operations will be in the first half of December.
With a total investment of $140 million the wind farm in San Marcos will produce 50MW using 25 wind turbines of 2 MW each.
The manager of the San Marcos Wind Farm, Jose Moran told Latribuna.hn that "...
Roatan Electric Company has announced that it will install a liquefied gas plant on the island, which will add to the wind farm currently under construction and which is expected to start operations in late 2014.
From a statement issued by Roatán Electric Company, (RECO):
Roatan Electric Company (RECO) held a press conference in which they announced the progress of the projects which will benefit the islanders by reducing electricity costs on the island.