ompared to its neighboring countries, Nicaragua has rather limited energy reserves, resulting in most of the commercial electricity having to be generated through imported petroleum and the rest generated from geothermal and hydropower.
However, with the current target of having 94% of their energy needs being obtained from renewable sources by 2017 through the National Development Plan, there appears to be more optimistic times ahead.
The aim of the project is to see to Nicaragua’s continued development in terms of infrastructure. Presently, the project aims to ensure that 50% of the country’s energy requirements is provided through renewable sources by the end of 2013 while the long term goal, if successful, would result in electricity being sold at about 37% less than the average current prices.
This story highlights Nicaragua’s commitment to renewable energy, using geothermal and wind as the primary means to power its growing economy in a renewable fashion. Bravo!