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. Financing for 378 MW Gas PlantThursday, March 21, 2019 The U.S. government approved up to $350 million to finance part of the construction of the liquefied natural gas (LNG) power generation plant EDP in Acajutla, El Salvador. The U.S. government, through the Overseas Private Investment Corporation (OPIC), approved the financing on March 20, 2019, according to the U.S. Embassy in El Salvador.
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. Solar Energy: New 50 MW FarmMonday, March 19, 2018 In the Dominican Republic, the construction of a solar farm has began, which in its first stage will provide 25 MW, and once it is operational, a further 25 MW. Through its subsidiary Emerald Solar Energy, the companies Potentia Renewables and Cisneros started the construction of the photovoltaic generation plant in Vicente Noble, Barahona. License for 40 MW Wind FarmThursday, July 20, 2017 In Panama, Clean Green Energy S.A. has been granted a provisional license for the construction and operation of a wind farm with an installed capacity of 40 MW in the province of Colón. From Resolution AN No.11357-Elec: Company Interested in Chan II Hydroelectric StationMonday, June 26, 2017 AES Panama may be interested in taking on the hydroelectric construction project, which until January of this year was granted in concession to Odebrecht. While the government is evaluating the way forward for the project, which remained unfinished after the concession to Odebrecht Energy Luxembourg was withdrawn in January, AES Panama, which currently operates five hydroelectric stations in the country, may have shown interest in assuming responsibility for the project. "... In fact, AES Changuinola is currently in charge "... of the operation and administration of the Changuinola I hydroelectric plant in Bocas del Toro." Guatemalans Buy Wind Farm in HondurasWednesday, January 4, 2017 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: Hydroelectric Station in Bocas del ToroTuesday, September 6, 2016 The project initially known as Chan II has been delayed because "the process of dialogue with communities needed for work to start has not finished." The company Odebrecht Energy Luxembourg, now called Odebrecht Latin Fund, has twice requested the extension of the timeframe for construction of the project which was awarded to it in June 2014. According to the company, "... 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. Panamanian Chamber of Solar Energy CreatedFriday, March 18, 2016 The Panamanian Chamber of Solar Energy is inviting domestic and foreign companies in the sector to join this new union. From a statement issued by the Panamanian Chamber of Solar Energy: Panama: Wind Power Blows StrongMonday, January 11, 2016 On January 1st, the Penonomé wind farm produced a fifth of all domestic electricity generation, or 5.1 GW/h. According to the Electric Transmission Company, SA (Etesa), the Penonomé wind farm in the province of Cocle, broke the record for energy production on the first day of the year, after reaching an operating capacity of 197.5 megawatts (MW), 21.7% of the national requirement . License for 81 MW Wind FarmTuesday, January 5, 2016 In Panama a provisional license has been awarded to Wind Energy SA for the construction and operation of a wind farm with an installed capacity of 81 MW, in the district of Santa Fe, Veraguas. From the order issued by the National Authority of Public Services (ASEP): El Salvador: $5 million for Solar EnergyWednesday, October 21, 2015 Indufoam has announced it will invest $5 million to generate 4 MW solar panels to supply its industrial plant and sell the surplus. Through the company Indufoam Energy Supply, the first stage of the project will be carried out, in which $2.5 million will be invested and which consist of the installation of panels with a capacity of 2.5 MW. The second phase, according to the company, will be carried out next year and will include installing another 2 MW to reach 4 MW. Panama: $80 million Biomass PlantMonday, September 7, 2015 Plans have been made to build a power plant in Colon using solid waste for fuel, with capacity to treat 450 tons of garbage a day. The company Aguaseo SA presented a proposal to the Mayor of Colon to build a plant for solid waste treatment and power generation, with capacity to generate 15 MW / h. The project, presented by Power Waste (Aguaseo SA) will be funded by the US consortium Gem Energy Consulting. Costa Rica: State Wind Farm Suffers LossesWednesday, July 29, 2015 The high cost of production exceeds the average sales price for energy, and almost doubles the average purchase price from its main supplier, the Instituto Costarricense de Electricidad. An audit report by the Comptroller General of the Republic of Costa Rica said that the state wind power project run by the Compañía Nacional de Fuerza y Luz generated losses of just over $1 million, and that "inconsistencies were determined in revenues, costs and results of the indicators of financial viability of the project; specifically the quantity and value of the expected annual energy was overestimated; and investment costs, operation and maintenance were underestimated. Also, there was no evaluation of possible sources of finance for the investment, the financial effect on the CNFL SA of the established financing scheme, implementation, operation and acquisition of Parque Eólico Valle Central. " |
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