Nicaragua leads the way in renewable energy!
Nicaragua has begun a series of investment projects that will supply the country with clean affordable renewable energy. There are three major projects: the first is already up and running which is 19 windmills in the south of Nicaragua generating up to 40 megawatts of energy. The windmills cost an estimated $90 million and will supply 6% of the country's total energy needs. Building a second set of 19 windmills is being considered by the project manager.
The second project is Geothermal power plants in Nicaragua. Polaris already has a geothermal plant in San Jacinto Nicaragua which is currently producing 8.5 MW, with a phase II part that is scheduled to be completed in 2010 which will produce 72 MW. The San Jacinto plant has been estimated to be capable of producing 277 MW. The Polaris San Jacinto plant is one of the largest geothermal reservoirs being developed in the world. In addition Polaris has the rights to other geothermal reservoirs in Nicaragua with huge potential which it will soon begin construction in.
The third major project being developed is hydroelectric power. "The Nicaraguan government and Brazilian construction company Andrade Gutierrez have signed an agreement for financial and technical studies to be conducted on the Brito hydroelectric project. The technical studies will allow the partners to determine investment and financing costs for a project that is expected to generate 250 MW of electricity and in which Andrade Gutierrez is prepared to invest some $600 million. The project, which is to include the construction of two dams, will be built near the border with Costa Rica and will use the waters of Lake Nicaragua to regulate the reservoirs" The project is set to be completed by 2014.
With the completion of these three projects Nicaragua will be able to supply the majority of its energy consumption from renewable energy and also be able to export affordable clean energy to Central America.