Photo by Nicholas Doherty
25th March 2022
According to a study released this week by the International Renewable Energy Agency, Central American countries could cut systemic costs by $20bn between 2018 and 2050 “by pursuing a more ambitious energy transition.” The study estimates Central America’s collective “renewable energy potential” to be 180GW, which is ten times more than its current “installed capacity.” Harnessing that full potential would entail shifting grids to 90% renewables and vehicles to 75% electric by 2050, which equates to expanding the use of renewables “three-fold” or 1.4GW per annum. The results of such a shift, in addition to the cost savings, would be a 70% reduction in regional emissions by 2050. Further measures recommended by the study include phasing in the use of green hydrogen for lorries and ships that comprise regional supply chains. If you are interested in entering the renewable energy market in Central America, contact our consulting arm, Colibri.
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