Nicaragua On Course To Become Renewable Powerhouse

Nicaragua On Course To Become Renewable Powerhouse
By Darrell Delamaide
Posted on Wed, 11 March 2015 22:37 | 0


Nicaragua’s concerted effort to develop renewable energy is beginning to pay off, with three-quarters of gross domestic primary energy supply and half its electric power now generated from renewable sources even though it has barely begun to tap its potential for hydro, wind, solar and geothermal energy.

“Nicaragua’s renewable energy sector has a bright future, both for utility-scale and small-scale projects, due to the country’s largely untapped renewable resources,” the International Renewable Energy Agency (IRENA) said in a report published in January.

In the period 2006-2012, the Central American country attracted $1.5 billion in investment in renewable energy, the largest such per capita investment in Latin America. As a result, it now derives 15% of its electricity from wind power plants, 16% from geothermal, 12% from hydro, and 7% from biomass. It has scarcely begun to exploit solar power potential.

According the energy plan released last fall, the government plans to attract $4 billion in renewable energy investment over the next 15 years.

More:
http://oilprice.com/Alternative-Energy/Renewable-Energy/Nicaragua-On-Course-To-Become-Renewable-Powerhouse.html