Guatemala Solar Power Generation and Energy Storage A Path
Guatemala''s renewable energy sector is booming, with solar power generation leading the charge. As the country aims to reduce reliance on fossil fuels and stabilize its grid, 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.
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 .
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.
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.
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