Guatemala alhoda solar energy

Is Guatemala a good place to invest in solar energy?

Guatemala is the second largest Central American power market, with a goal to increase renewable energy use. Relatively high levels of solar irradiance and large areas of cleared land give the country a strong potential for increased solar energy development.

Could energy poverty be impacted by energy development goals in Guatemala?

These are costs that could further burden electricity consumers if not managed efficiently. The government of Guatemala – as well as other governments of transitioning economies – can use frameworks like the one introduced here to better understand how electric sector development goals could impact energy poverty in their countries. 6.1.

How much do people spend on energy in Guatemala?

In the urban area around Guatemala City, households spend on average 10–15% of monthly income on energy expenses (including electricity, kerosene, propane, coal, batteries, firewood, and candles). Only in a select few municipalities near Guatemala City center is the Energy Poverty Indicator below 10%.

How are capital costs for renewable technologies calculated in Guatemala?

The northern municipalities of Guatemala are more sparsely populated and make up a large part of the off-grid generation in our analysis. As described in Section 3.1, capital costs for renewable technologies are calculated in SEERE from the electricity demand requirements and natural resource (wind, solar, hydro) availability of a region.

Why did BMR decide to buy a solar farm in Guatemala?

As part of its evaluation process, BMR determined that the solar farm offered a strong return that was supported by Guatemala’s well-established and stable regulatory system. BMR navigated a complex and cooperative sales process that involved four owners across three legal jurisdictions.

Are renewables cheaper in Guatemala than fossil fuels?

Thus, it is possible that if coal costs are at the higher end of the Lazard (2017) distribution, and renewable technology costs are close to regional default values, renewables would be cheaper on average in Guatemala than fossil fuels (Fig. C2).