Nicaragua finds foreign sponsors for 100MW solar project

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The MoU signing will help reinvigorate Nicaraguan PV, which currently accounts for 0.52% of the energy mix (Credit: Nicaraguan government)

Nicaraguan PV industry is poised for an exponential boost, with a 100MW project having just secured funding from foreign players.

Spanish investor EPR Solar and Israeli investors will back an installation planned a 45-minute ride northeast from capital Managua, according to state-run transmission firm Enatrel.

The memorandum of understanding (MoU) signed between Nicaragua’s Energy Ministry and EPR foresees the delivery of an initial 50MW phase, Enatrel said.

Construction of the 100MW complex will require the roll-out of some 170,000 panels, shipped via 3,000 containers to the site between San Benito y Tipitapa.

Speaking after the MoU signing, Energy minister Salvador Mansell Castrillo explained the substation the project will use – San Benito – is being expanded to take on the new PV capacity.

PV dawns in the ‘renewable paradise’

Should it meet its current size expectations, the 100MW project would significantly dwarf all other solar installations completed in Nicaragua to date.

As noted by Enatrel, the four existing plants range from 300kW San Juan de Nicaragua to 1.5MW La Trinidad, 2.5MW Corn Island and 12MW Puerto Sandino.

Ruled since 2007 by former revolutionary Daniel Ortega, Nicaragua’s government pledged this year to invest US$180 million to deploy a 150MW-plus PV pipeline in the next few years.  

The Central American state was one of the world’s last to sign the Paris Agreement but has been dubbed a “paradise” for renewables by the World Bank.

Clean energy covers about 60% of Nicaragua’s current energy mix, with geothermal (around 20%), wind (around 19%) and biomass (around 17%) far ahead of solar (around 0.5%).

Read Next

October 19, 2021
Lightsource bp has announced its entry into Poland’s solar market through a co-development deal which will see the developer proceed with a 757MWp pipeline in the country.
October 19, 2021
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
October 19, 2021
The White House has said renewables are still key to its budget reconciliation bill despite rumours of the investment tax credit (ITC) being modified as opposition to the bill by senators Manchin and Sinema continue
October 19, 2021
Europe's energy crisis can be a boon for renewables deployment on the continent by bolstering business cases, but familiar foes such as grid constraints will still need to be hurdled in the coming years.
October 15, 2021
Doral Renewables has broken ground on the 1.65GWdc Mammoth Solar project in Indiana, set to be the US’ largest solar farm once complete.
October 13, 2021
Calling for a three-fold increase in renewables investment in the next decade, the International Energy Agency’s (IEA) latest edition of its World Energy Outlook, published today, has been largely welcomed by analysts and industry observers, who are urging world leaders to respond accordingly at the COP26 Climate Change Conference.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021