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.

How much energy does Guatemala use?

For example; out of possible 5000MW hydroelectric power potential, Guatemala uses only 853 MW (17.06%), and of 1000MW potential of geothermal energy, the country uses just 49.2MW (4.92%) . Guatemalan total energy production reached approximately 9.6Mtoe by the year 2016 .

What is the National Energy Plan of Guatemala?

New techniques and technologies will be needed to decarbonise these areas. The National Energy Plan of Guatemala defines the promotion of renewables as a priority. The plan aims to promote the use of clean and environmentally friendly energy for domestic consumption without losing sight of energy security and the need for supply

How is electricity regulated in Guatemala?

Guatemala's electricity industry is regulated by the General Electricity Act (Ley General de Electricidad) and the CNEE (Comisión Nacional de Energía Eléctrica). The DGH (General Direction of Hydrocarbons) regulates the hydrocarbon sub-sector.

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.

Why should we invest in green solar?

Relatively high levels of solar irradiance and large areas of cleared land give the country a strong potential for increased solar energy development. BMR Energy acquired the Green Solar project in 2017, bringing financial stability and an increased focus on operational excellence.