Thursday, March 12, 2015

Nicaragua On Course To Become Renewable Powerhouse

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 too.  According to the energy plan released last fall, the government plans to attract $4 billion in renewable energy investment over the next 15 years. Read more at http://oilprice.com