The Government of Nicaragua is projecting to attract 4 billion dollars in investment to finance various renewable energy projects over the next fifteen years. The Minister of Energy and Mines, Emilio Rappaccioli said these investments will generate 253MW of hydroelectric power; wind 300MW; geothermal 100MW; and solar 100MW. The Nicaragua Plan is to increase the share of renewables to 90% of the national energy matrix by 2020.

Energía Limpia XXI noted that under the Leadership of President Daniel Ortega, an ambitious plan to transform the energy matrix is showing impressive results. In 2006 participation of renewables in the energy matrix was 25% and by early this year it had grown to 56%. This past April 13, the National Energy Dispatch Center reported that 60.3% of energy generated that day came from renewables, suggesting that the medium term goal of reaching 74% renewable share by 2018 is realistic and likely to…