Nicaragua

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.

Manufacturers

In the simplest terms, manufacturing is the process of producing actual goods or items/products through the use of raw materials, human labour, use of machinery, tools and other processes such as chemical formulation. This process usually starts with product designing and raw material selection, turning them into an actual product output. 

Solar Products Manufacturers and Factories

In terms of solar, manufacturing encompasses the fabrication or production of materials across the solar market chain. The most common product being manufactured by solar companies are the solar photovoltaic (PV) panels, which are made with several subcomponents such as solar wafers, cells, glass, back sheets, and frames. Before a solar panel comes into life, it will undergo a lot of processes, from designing, modelling, choosing what raw materials to use and then assembling them all to make the final product.

More Than Just Solar Panels

Aside from the solar panels, solar companies have many other manufactured products that are required to make solar energy systems work smoothly, like solar inverters, batteries, combiner boxes, and racking and tracking structures.

Having a solar manufacturing sector makes a big difference in supplying affordable solar energy in different areas. Aside from maintaining the rising domestic and global demand for cleaner and renewable energy, they also help the economy grow, particularly the solar industry. If you are in search of a reliable solar manufacturing company, checking out our solar outsourcing company, SolarFeeds, would help you get easy access to reliable information, news, data and a list of solar manufacturers that can help you with solar products.