Solar Market Outlook in Nicaragua
Nicaragua is constantly battered by extreme weather, which has forced the government to look into renewable sources as an alternative for energy production. The focus on renewable energy projects is part of a long-term plan for the government to counter the effects of climate change. Therefore, it is part of a broader discussion that will hopefully put solar power as one of the potential solutions.
There are other benefits to the continued push to make solar energy the primary source of power in the country: to reduce dependence on oil. Aside from solar energy, wind power is also currently being utilized in Nicaragua and is going through a phase of developmental boom.
While the primary reason for many investors delving into the renewable energy market is economically-motivated, it’s clear that the environmental benefits are set to follow. Therefore, the government is working closely with the private sector to boost the solar energy market in Nicaragua.
Currently, Nicaragua’s global emissions are one of the lowest at only 0.03 percent. The country is committed to reducing it further, especially as they joined the Paris Agreement.
Solar Energy Equipment Supply Capacity in Nicaragua
In Nicaragua, there is a good mix of local and global suppliers of solar power equipment. This has promoted more investors to put in solar power plants and production of other equipment for those looking to boost the solar installation capacity of the country.
Major Seaports & Logistics in Nicaragua
Puerto Corinto is the largest and busiest seaport in Nicaragua. It is the primary avenue for logistics and handling of goods for the distribution of solar equipment in the country.
There are a few other seaports that are available, too, such as the Port of Bluefields, Port of El Bluff, Port of Cabezas, Port of Sandino, Port of El Rama, and Port of San Juan del Sur.