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.
Banco Cuscatlán approved a $10 million loan for the construction of part of the Ventus wind farm, which will have a capacity of 54 MW and will be in the municipality of Metapán.
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.
Because of the behavior of the energy supply from thermal sources, between January and May 2018 and the same period in 2019 the generation of electricity in Panama increased 4%.
The latest report of the General Comptroller of Panama, details that in the first five months of 2019 were generated 4,634 million kwh, equivalent to a 3.9% increase over the 4,460 million offered in the same period of 2018.
Banco Agromercantil de Guatemala announced a $43 million loan for the construction of part of the 54 MW Ventus wind farm to be located in the municipality of Metapán.
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 El Salvador, twelve renewable energy generation projects with a total capacity of 23 MW are preparing to start operations between 2018 and 2020.
The National Energy Council (CNE) reported that the dozen energy generation projects, which will begin operations in the period between 2018, 2019 and 2020, will have the capacity to supply electricity to 771.350 households in the country.
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 the last ten years the use of renewable energy has doubled in the country, and currently sources of generation of this type represent between 65% and 70% of national consumption.
According to the authorities at the National Electricity Commission (CNEE), the stability that has been achieved in electricity rates and the lower dependence on oil derivatives, is due to the fact that the country is consuming more energy generated through renewable sources.
In the first six months of the year, electricity consumption in Panama reported an increase of 3.2% compared to the same period in the previous year.
According to figures from the Office of the Comptroller General of the Republic, between the first half of 2017 and the same period in 2018, the country reported an increase in electricity consumption, rising from 5,200,849 thousand Kwh to 5,366,318 thousand Kwh.
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.
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.
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 "...