Nicaragua to expand geothermal energy with IDB helpTuesday, August 3, 2010 A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity The Inter-American Development Bank (IDB) announced the approval of a $40 million loan to finance the second phase expansion of the San Jacinto-Tizate geothermal power project, which is being developed by a private sector company, Polaris Energy Nicaragua S.A. (PENSA). 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. Nicaragua: AEI Acquires 47.5% of Amayo Wind FarmsMonday, May 17, 2010 Energy multinational AEI acquired 47.5% of wind farms Amayo I and II, which output 63MW of clean energy. AEI bought a 47.5% stake in both the Amayo I and Amayo II wind farms from Texas-based Arctas Capital Group, AEI said in a written statement. It then bought an additional 47.5% interest in Amayo II from Guatemalan firm Centrans Energy Services. $ 30 million IDB Loan for Geothermal Plant in NicaraguaWednesday, March 9, 2011 The loan to Polaris Energy Nicaragua, builder and operator of the San Jacinto-Tizate geothermal plant, will allow increased electricity generation. The initiative aims to expand the existing generating unit of 10 MW to a total of 72 MW by leveraging additional resources and the installation of two new turbines of higher capacity. After expansion, the San Jacinto plant will produce enough energy to supply electricity to nearly one in twelve households in the country. Panama as Solar Energy MarketMonday, June 16, 2014 The growth of electricity demand and favorable prices ranging from between 20 and 40 cents per kilowatt hour have been highlighted as most noteworthy. It is expected that the solar market will add 700 megawatts of new capacity in 2014, representing 2 percent of world demand in the solar market until 2018. This rate requires developers to move with speed in order to enter new countries. Nicaragua: Increase in Geothermal InvestmentFriday, April 8, 2016 Polaris Energy has announced an investment of $43 million in drilling new wells to increase generation capacity from 50 to 72 MW. The company Polaris Geothermal Energy is aiming to increase its production capacity in Nicaragua and go from 50-72 MW of power. The information was confirmed by the CEO of the company, Alex Orono, during an appearance before the board of the Chamber of Industries of Nicaragua (Cadin), confirmed Elnuevodiario.com.ni. Company Profile
Design and installation of photovoltaic systems, residential, commercial, grid tied and off grid, solar street lighting. SunEdison Buys Globeleq Mesoamerica EnergyFriday, June 19, 2015 Actis and Mesoamerica have agreed to sell SunEdison 100% of its interest in Globeleq Mesoamerica Energy, which operates in the area of renewable energy plants. From a statement issued by Globeleq Mesoamerica Energy: Geothermal San Jacinto Tizate Begins OperationsThursday, September 1, 2011 The system will be tested in October and in December steam from the plant’s wells will generate 36 MW which will be delivered to Nicaragua’s electrical system. Executives from the company, Polaris Energy, responsible for the project, said that tests will start in October and in December the plant will be directly connected to the National Interconnected System (SIN in Spanish). Oranges Enter Biofuel BusinessTuesday, March 17, 2009 Orange scraps show the promise of producing ethanol at reasonable prices and Central America, a leading producer of citrus, can benefit. For several years, the Agricultural Research Service of the Department of Agriculture in the United States has been carrying out a project to investigate the technical and economic feasibility of producing ethanol from orange juice processing leftovers which are now almost given away. Nicaragua: 10% State Stake in Energy CompaniesFriday, October 10, 2014 In the Legislature a bill is being introduced that gives the state a minimum holding of 10% in energy projects of over 100 MW. With the reform of the law of Exploration and Exploitation of Geothermal Resources compulsory state participation in these projects is authorized. Companies in the sector believe that "... giving the state minimum participation will not jeopardize investments." Iceland Analyzes Nicaragua's Geothermal PotentialMonday, November 17, 2014 As part of the Geothermal Energy Master Plan a delegation of experts will be arriving from the volcanic country where 100% of the energy matrix is renewable. Nicaragua's Geothermal Master Plan has identified 10 potential sites for geothermal generation of about 1,700 MW, located along the Pacific volcanic range. 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. Geothermal Project Receives $160 Million FinancingTuesday, September 20, 2011 The San Jacinto Tizate geothermal project in Nicaragua, has received an initial installment of $104 million in financing, from a total loan of $160 million, which will be used to complete work on the second phase. Antonio Rodriguez, CEO of San Jacinto Tizate, told El Nuevo Diario that part of the work is completing the installation of a second turbine. |
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