• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 11 hours Fukushima
  • 2 days America's pandemic dead deserve accountability after Birx disclosure
  • 16 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 1 day CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 44 mins U.S. Presidential Elections Status - Electoral Votes
  • 6 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 9 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 12 hours Joe Biden's Presidency
  • 1 day New Chinese Coal Plants Equal All those in U.S.A
  • 4 days Does .001 of Atmosphere Control Earth's Climate?!
  • 3 days Oh the Dems!!! They cheer for helping people while stabbing them in the back!!! Enbridge asks Canadian government to support oil pipeline in dispute with Michigan
  • 3 days The coming Cyber Attack
  • 5 days NG spot prices hit triple digits for weekend delivery

Breaking News:

Oil Soars 5% As Bullish News Mounts

U.S. Renewable Energy Installations Break Records Despite Pandemic

U.S. Renewable Energy Installations Break Records Despite Pandemic

Despite market uncertainty and construction…

Bezos And Gates Backed Fund To Invest In Clean Energy Startups

Bezos And Gates Backed Fund To Invest In Clean Energy Startups

Breakthrough Energy Ventures (BEV), the clean-tech…

Darrell Delamaide

Darrell Delamaide

Darrell Delamaide is a writer, editor and journalist with more than 30 years' experience. He is the author of three books and has written for…

More Info

Premium Content

Nicaragua On Course To Become Renewable Powerhouse

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. Related: EU Energy Union Could Start In The North Sea

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

The country embarked on intensive development of renewable resources in 2005 when it was plagued by rolling blackouts and electricity rationing as a result of high oil prices and dependence on imports from Venezuela.

The country’s goal is to generate more than nine-tenths of its electricity from renewable sources by 2027. It has been estimated that renewable energy could add 4,500 megawatts in electric power – more than triple its current capacity, according to the IRENA report.

The same large Lake Nicaragua that spans the country and has led to a massive new canal project is responsible for much of this renewable energy potential.

Wind farms located on the western shore of the lake benefit from steady winds that blow across the isthmus from the Caribbean. Related: The World's 10 Biggest Solar Farms

Nicaragua has also tapped into the geothermal energy from nearly a score of volcanoes. The Polaris geothermal plant near the Telíca volcano has benefited from more than $400 million in investment from Ram Power of the U.S.

According to the IRENA report, the country also has considerable potential for distributed electricity from renewable sources in addition to large-scale projects. Small hydropower plants and solar photovoltaic systems could help provide electricity for the 1.5 million people in remote areas not attached to the grid.

The country faces a number of legal, bureaucratic and technical obstacles to further progress, however.

The IRENA Renewable Resources Assessment urged the government to use the expiration this year of the law governing renewable power generation to further accelerate integration of renewable energy into the national system, with regulations, preferential tariffs, project approval rules and tax exemptions in line with its goals. Related: New Report Destroys Biofuel Claims

The report also highlights the need to upgrade the national grid infrastructure to handle variable renewable generation and 100% coverage of the country.

In addition to electric power, Nicaragua is developing biomass potential for transport, heating and cooking, as well as sustainable use of firewood and charcoal. Bagasse, a residue from sugar and rum production, has proven particularly useful as biomass.

Solar has lagged behind, but Nicaragua benefits from a tropical sun and temperatures, so it has considerable potential there as well. In addition to isolated solar systems for distributed energy, there are studies for a 100-MW power generating facility in the Chinandega department.

By Darrell Delamaide for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News