PV in Central America: Markets, Competitive Positioning and Outlook, 2013-2017

by Luis Moreno Leitzelar, Fernando Gutierrez

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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Luis Moreno Leitzelar President, THiNKnrg of Latin America

Luis is responsible for leading THiNKnrg’s activities in Latin America. After completing his university studies in France and the U.S., Luis returned home to El Salvador, where he completed an MBA with a focus on marketing and international business.

For the last ten years, Luis has been developing business for a wide range of world-renowned international companies, products and brands throughout Latin America, establishing a valuable regional network for new business opportunities. Luis’ contribution to and direction of the development of THiNKnrg in Latin America has been guided by high

Fernando Gutierrez THiNKnrg of Latin America

Fernando has twenty years of experience in energy and heavy industrial projects. His projects include geothermal power plant projects in El Salvador and Indonesia, biomass-fired boilers and power plants in New Zealand, and gas-fired power plants and minerals processing in Australia. Fernando received BS and MS degrees in mechanical engineering from Virginia Polytechnic Institute and State University, as well as a postgraduate diploma in geothermal energy from The University of Auckland in New Zealand.

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