Funding for Wind Project Confirmed in NicaraguaFriday, November 12, 2010 AEI Centrans Energy Services, Inc. and Wind Energy of Nicaragua SA, announced funding for Phase II of the Amayo park. The $ 45 million facilities feature a 15-year loan provided by the Netherlands Development Finance Company (FMO) and the Central American Bank for Economic Integration (CABEI). Duke Energy Evaluates its Central American AssetsTuesday, July 13, 2010 The company is considering whether to monetize its Central American investments. In a recent conference call Keith Trent, president of the company’s Commercial Businesses organization, was asked about which assets might be monetized and where. He responded that the company, “looks at the returns on assets and opportunities for reinvestment”. Construction of Geothermal Plant Moves Forward in NicaraguaWednesday, December 15, 2010 The construction of the San Jacinto Tizate project, implemented by Polaris Energy Nicaragua is making good progress. The infrastructure where two turbines generating 72 MW will be installed, are almost ready. Wind Power for Less than $100 per MWFriday, November 30, 2012 After starting operations on November 14, the renewable energy project Eolo has already generated five billion kilowatt hours for the Nicaraguan national grid. The cost of a megawatt hour from the wind energy plant is about a hundred dollars, according to the country manager and Nicaragua is currently buying at $150 or $250 per kilowatt hour from other renewable sources. Natural Gas: 300 MW Plant Under ConstructionFriday, January 29, 2021 In Nicaragua, the company New Fortress Energy announced that it has already started with the construction works of a natural gas plant, which will have an energy generation capacity of 300 MW and will be located near Puerto Sandino, department of León. Executives of the North American company stated that the project has begun its decisive phase and according to the schedule, it is expected that between May and June the generating plant will begin operations. Colombia's Interest in Energy Sector in Central AmericaWednesday, June 18, 2014 Hydroelectric projects and expansion of distribution networks are part of the opportunities that Colombian Power firms are looking to take advantage of in the Isthmus. There are now three Colombian energy sector companies that have decided to venture into Central America to be part of the development of an activity that still has much room for growth in the region. Insecurity and Conflict Discourage InvestmentsMonday, October 15, 2018 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. Nicaragua: 12 MW Biomass PlantWednesday, April 15, 2015 The clean energy company VIASPACE has announced that it will be designing and building, together with the Nicaraguan company Agricorp, a plant which generates energy from waste. From a statement issued by VIASPACE: $ 190 Million for Geothermal Power Plant in NicaraguaMonday, November 8, 2010 The IFC will provide $ 50 million and mobilize an additional $ 140 million to support the construction of a new geothermal power plant. This plant is the largest project in Nicaragua in over 25 years in this sector. This initiative will foster the generation of renewable energy, expand electrification and help reduce the country's dependence on imported fuels. Nicaragua: Blue Power Awaits Tariff ApprovalWednesday, August 11, 2010 The company is waiting for the Nicaraguan energy institute to approve the prices it presented, which are higher than the market average. The sale-purchase contract signed by Blue Power with natural gas distributors and Unión Fenosa fixes the price of each megawatt at $104.50 with an annual increase of 3% over the next 15 years. Nicaragua: Clean Energy Maintains Stable Electricity RatesMonday, November 14, 2011 The production of wind energy and hydropower have kept the average cost of energy generation under $170. Energy production does not seem to have been impacted by increasing oil prices. Wind Energy Project Financing Deal CompletedThursday, July 28, 2011 Blue Power has signed a financing agreement for $80 million with Bicsa bank, for the completion of the project in Nicaragua. Once completed, the Blue Power & Energy wind generation farm will be able to generate 39.6 megawatts of clean energy, which corresponds to annual savings of $22 million for the country, according to Emilio Rapaccioli, the energy minister. Energy: Regional Transactions up 14%Monday, February 17, 2020 During 2019, electricity purchase and sale transactions between Central American countries amounted to 3,074 GWh, a 14% increase compared to 2018. Figures from the Regional Operating Entity (EOR) show that the average price recorded in regional transactions during 2018 and 2019 also increased, going from $74.05 per MWh to $90.11 per MWh. Guatemala Sells More Electricity in the RegionTuesday, February 19, 2019 During 2018, the country registered exports of electric energy for $181 million, 76% more than reported in 2017, and its main buyers were El Salvador, Honduras and Mexico. The most recent data from the Bank of Guatemala show that last year Guatemala sold $119 million in electricity to El Salvador, $37 million to Honduras, $1.2 million to Nicaragua and $930,000 to Costa Rica. Nicaragua Covers 48% of Demand with Renewable EnergyTuesday, January 17, 2012 Nicaragua managed to cover 48% of the population’s domestic demand with renewable energy, producing 219.8 MW. A press release by ProNicaragua reads: |
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