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Most of Nicaragua’s energy now comes from renewable sources

Winds of Change: Nicaragua’s renewable energy revolution   By Tim Rogers / Nicaragua Dispatch November 3, 2013 Nicaragua remains one of the most attractive countries in Latin America for investment in renewable energies, according to “Climatescope 2013,” an annual report and index measuring the ability of 26 nations to foster low-carbon energy growth.

The report, produced by the Inter-American Development Bank and Bloomberg New Energy Finance, ranks Nicaragua third in the region––and first in Central America––for its “high penetration of renewable energies in the country’s energy matrix and the important influx of investment (in renewable energies) in proportion to the small size of its economy.” Nicaragua, which ranked second to Brazil in last year’s inaugural report, ceded the number two spot to Chile in this year’s index, but continued to show its potential to compete with larger economies in the region.

According to the Climatescope 2013, Nicaragua’s installed capacity for renewable energies reached 36% last year, up from around 30% the year before. Nicaragua’s Ministry of Energy and Mines says that percentage has since grown to around 52% in 2013, meaning most of the country’s energy is now provided by renewable sources (compared to only 20% six years ago). Nicaragua last year attracted $292 million investment in additional renewable energy production, as the country seeks to shift its energy matrix to 92% renewable by 2016…….. http://www.nicaraguadispatch.com/news/2013/11/nicaragua-ranks-third-in-region-for-renewable-energy-market/8309

November 4, 2013 - Posted by Christina Macpherson | renewable, SOUTH AMERICA