Guatemala invests in energy storage power station

What green energy technologies will Guatemala be able to use?

There are several key green energy technologies that are integral to Guatemala’s future as a green energy consumer and cite for future short term and long term investments; solar, hydroelectric, wind, and geothermal.

Is solar energy a good investment for Guatemala?

Harnessing solar energy is reliable, predictable, and cost efficient, making it the most predictable and efficient renewable energy source available for Guatemalans and future investors looking to invest in the country. Major solar energy projects undertaken by the country could set the industry standard for decades to come.

Can Guatemala meet 100% of its energy needs?

Like many Central American countries, Guatemala has the potential to meet 100% of its energy needs through renewable energy resources.

Does Guatemala have geothermal power?

Guatemalan geothermal capacity resides primarily in the Pacaya Volcano. The Guatemalan government hopes that geothermal energy will meet 60% percent of the nation’s energy demand by 2022. In order to facilitate this the government is offering tax breaks for construction of geothermal plants.

Is wind energy a good investment in Guatemala?

There is also strong interest by the government in wind projects. Wind energy is not nearly as attractive of an investment in Guatemala as other forms of renewable energy are such as solar and geothermal energy. There are only a few areas in Guatemala where wind development would be worthwhile.

How much energy is being developed in Guatemala?

This was up by 230 GWh from the previous year, on account of steady economic development. To meet increasing demands, the Guatemalan government has allocated US$6,799 for renewable development, which includes plans to develop 30 hydropower plants and one biomass plant powered by sugar production.