Nicaragua on the rise as next leader in renewable energy
Nicaragua recently committed to 90% renewable energy by 2020 highlighting its committing to a future of renewable energy.
Whilst Costa Rica has received much exposure regarding its ambitious development of its renewable energy programme, neighbouring Nicaragua has also been pursuing a similar goal of committing to a 75% renewable energy target by 2017 and 90% by 2020.
Due to its large untapped natural resources Nicaragua has a promising future in renewable energy for both large and small scale projects.
The nation is currently exploring all possible means of exploring its natural resources
As of 2015, renewables makes up 54% of all electricity production and 80% of the country had reliable access to the grid.
When Daniel Ortega came in presidency in 2007 he quickly invested heavily into renewables which at the time was seen as a potentially risky move.
According to last year’s report from IRENA, from 2006-12, 15% of electricity came from wind, 16% from geothermal, 12% from hydropower and 7% from biomass.
This massive development in renewables also fails to consider the huge potential with solar energy.