In 2015, Honduras ranked as the second largest producer of solar electricity in Latin America (behind Chile, but ahead of Mexico). Honduras has a large potential for solar photovoltaic generation.OverviewIn Honduras, there is an important potential of untapped indigenous resources. Due to the variability of high oil prices and declining renewable infrastructure costs, such resources could be develop. . Decrees No. 85-98 and 267-98 promote the development of renewable energy-generating plants. The decrees include tax breaks to developers and a secure buyer for energy at prices equivalent to the system's sh. . In 2022, Honduras' energy mix was dominated by oil, constituting 54.9% of the total energy supply, followed by biofuels and waste at 32.2%. Modern renewables like hydro, solar, and wind, excluding traditional b.
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