PV in Central America: Markets, Competitive Positioning and Outlook, 2013-2017
At first glance, Central America is ripe for solar development; all seven countries in the region enjoy significant solar resources and nearly all are primarily reliant on fuel oil, diesel and hydroelectric resources. With limited domestic fossil fuel resources, the cost of electric generation is typically very expensive in many of the region's markets.
Beyond these similarities, however, differences in electricity market structure, available incentives, and local economies significantly affect whether PV is a tenable option for consumers of all types – residential, commercial, and utility – and if it is realistic to expect solar market growth in the near future. This 73-page report provides visibility into solar PV market activity and potential in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.
FIGURE: Near-Term Growth Opportunities in Central America
Source: PV in Central America: Markets, Competitive Positioning and Outlook, 2013-2017
For each country, the report analyzes the current electric scenario and electric prices, as well as transmission issues and local policy. In addition, the analysis offers competitive positioning of current electric generators, active PV developers, along with outlooks on solar PV market segments – residential, commercial, and utility – for each country.
Companies mentioned include: AES Corporation • Altertec • Authority for Public Services (ASEP) • Belize Cogeneration Ltd. (BELCOGEN) • Belize Electricity Company Ltd. (BECOL) • Belize Electricity Limited (BEL) • CAESS • Cia Azucarera Salvadoreña • CNFL • Comisión Federal de Electricidad (CFE) • Comisión Hidroeléctrica del Rio Lempa (CEL) • Comisión Nacional de Energía Eléctrica (CNEE) • Consejo Nacional de Energía (CNE) • Del Sol Energy • Distribuidora Solar • Duke Energy • ECAMI • Empresa de Comercialización de Energía (ECOE) • Empresa Nacional de Energía Eléctrica (ENEE) • Empresa Energética Corinto, Ltd. (ENRON) • Enel Green Power • Energía Borealis • Enersol • Enertiva • Fortis Group • GDF Suez • GECSA • G.G.Ltd. • Grupo Terra • Hilacasa Energy • Holcim • Hydro Maya • Ingenio El Angel • Ingenio La Cabaña • Instituto Costarricense de Electricidad (ICE) • INE • INDE • IntiTech • Japan International Cooperation Agency (JICA) • JASEC • La Joya (Gas Natural Fenosa) • LAGEO • Maya Green Power • Mesoamerica Energy • Nejapa Power • ORMAT Momotombo Power Co. • P.E.S.A • Polaris Energy, S.A. • Pro Solar Ltd. • Puerto Quetzal • Roatan Renewable Energy • SEESA • Solar Energy Solutions • Solar Verde • SolarGuat • Solaris • Solartec • Soluz Honduras • Sun Solar SA • Tecnosol • Textufil • THiNKnrg • Tipitapa Power Company, Ltd.
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