Transition to green energy
Nicaragua has a tropical climate with large amounts of rainfall and sunshine – ideal conditions for the production of renewable energy. However, 40 % of energy needs are met using imported oil – a situation that the government wants to change by promoting alternative energy sources. Astro Nicaragua S. A. shows how this can be done.
A total of 25 companies are currently based in the Astro Nicaragua industrial park, which covers an area of 55 hectares. Astro Nicaragua meets 27 % of their energy needs using solar energy. The photovoltaic system has an installed capacity of 2.52 MW and generates electricity from dawn to dusk. The investment was partially financed by a ‘Green Line’ loan from the GCPF partner BanPro and the cost will be recuperated through energy savings within eight years.