Costa Rica Renewable Energy 2018

Costa Rica Renewable Energy 2018 – ABU DHABI, Apr 24, 2018 () – Masdar (Abu Dhabi Future Energy Company) and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad or ICE) have announced a partnership for the development of renewable energy.

Masdar CEO Mohamed Jameel Al Ramahi and ICE Board Member and Director Eugenia Gutierrez signed a memorandum of understanding to share technical knowledge and project experience.

Costa Rica Renewable Energy 2018

The purpose of the agreement is to promote cooperation in utility and electricity production, solar photovoltaic (PV) technology, smart city technology and battery storage.

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Both companies also hope to offer energy diversification consulting services to other countries in Latin America and the Caribbean.

Mohamed Jameel Al Ramahi: “Like the UAE, Costa Rica has been a leader in the field of renewable energy. The clear cooperation between our two countries has the potential to provide many promising clean energy opportunities in the Middle East, Latin America and the Middle East. The Caribbean, with areas of rapidly growing domestic electricity demand, as well as the availability of a strong commercial renewable energy sector. We are excited to continue this partnership with our friends at ICE.”

Eugenia Gutierrez said: “We are very grateful to Wazir Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, for giving Costa Rica the opportunity to gather with like-minded friends, as Masdar shares similar views. on the use of renewable energy for a better, sustainable, cleaner and greener economy of the future. Costa Rica, with its decades of experience, technology and know-how – is at the forefront of achieving 100 percent renewable energy production. “Partnership with Masdar is a mutually beneficial agreement and helps third parties in their quest to transform their energy matrix.”

Masdar hopes to expand its presence in Latin America and the Caribbean, announcing a partnership with Argentina’s Jujuy province and the Colombian government at Abu Dhabi Sustainable Development Week 2018.

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The company is also supporting the UAE Ministry of Foreign Affairs and International Cooperation and the Abu Dhabi Development Fund to implement the $50 million UAE-Caribbean Renewable Energy fund, which will implement projects in 16 countries over the next three years.

This year, the Foundation will provide solar installations, storage and electric vehicle (EV) charging stations in the Bahamas, Barbados and St. Complete Vincent and the Grenadines.

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According to ICE, Costa Rica ran a total of 300 days on renewable energy in 2017, with 80 percent coming from hydropower, 10 percent from wind, and the rest from biomass and solar.

According to Bloomberg New Energy Finance, installed capacity for solar and wind power in Latin America is expected to increase by 9.2 gigawatts (GW) per year by 2020, supported by government plans to achieve energy security. .

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Today, Masdar operates in more than 20 countries around the world. The renewable energy projects it is partnering with, operating or in development have a total capacity of approximately 3 gigawatts (GW).

Founded in 1949, ICE is a Costa Rican state-owned company that controls assets in the generation, transmission and distribution of electricity. ICE owns 100 percent of the country’s transmission systems and supplies energy to 39 percent of the population. Costa Rica has an abundance of free-flowing water that supplies more than 78 percent of its electricity needs. . But it has promised to get 100% renewable energy by the end of this year. Is it possible? Look at it this way. According to REVE, in 2019, 99.62 percent of electricity in the country was obtained from renewable sources. Besides water, 10.29% comes from wind turbines, 10.23% from geothermal energy and 0.84% ​​from solar.

Costa Rica, a country of less than 5 million people, aims to become 100% carbon neutral this year. To achieve this goal, it is considering several initiatives that will increase the number of electric vehicles on its roads. According to Think Geo Energy, it is also considering the development of more geothermal energy sources.

Grupo ICE, Costa Rica’s national utility company, does not foresee electricity demand expanding beyond its current capacity, but is looking to increase geothermal resources as existing plants reach the end of their expected lifespans. Going forward, the utility will not focus on further hydropower expansion in favor of wind, solar and geothermal power. One reason is that hydropower plants are located far from residential areas and require significant infrastructure investment to transmit the electricity they produce to the national grid.

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“Although Grupo ICE will not start building new projects in the coming years, the analysis and planning of the energy matrix will consider whether some companies will accept a new project at the end of their useful life until 2027. our plants. If so, it will be in geothermal energy, which has great potential,” says Hazel Cepeda Hodgson, general manager of the utility. The company already operates 6 geothermal facilities. Any expansion of geothermal energy can take place in one or more of those existing areas.

Will Costa Rica’s experience with renewable energy and reducing carbon emissions influence other countries to follow in its footsteps? Because of its small size, it is easy to overlook, and not every country has hydroelectric resources like Costa Rica. But the commitment to renewable energy and reducing carbon emissions is important. Attitude is everything. If other countries want to learn how to increase renewable energy sources and reduce emissions, they would do well to look at what Costa Rica has done and follow suit.

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Originally published on the NRDC Expert Blog. By Alison Chase: We need the ocean, but it’s under a lot of stress. Reading the National Ocean Month 2021 ad, this…When Puerto Rico Governor Ricardo Rosselló announced his intention to privatize the Public Electric Power Authority (PREPA) in January of this year, he put the existing public company on the line for sale. The New Progressive Party went through a particularly frustrating and costly frenzy during the administration of former governor Luis Fortuño.

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After a tour of the photovoltaic panels of the AES Ilumina solar farm in Guayama, which opened in 2012 as one of the largest in the Caribbean, Fortuño spoke to the media about his new philosophy for solar and wind energy production: “This energy diversification strategy as its main objective is to reduce electricity costs and the environment. environmental protection.”

11 of the 60 projects that have initiated contracts with the Fortuño administration. Most of the electricity they sell to PREPA is between 18 and 20 cents per kilowatt-hour (kWh), the same price the state utility currently offers customers.

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According to the World Bank, Puerto Rico is one of the countries and regions most dependent on fossil fuels such as oil, coal and natural gas in the Caribbean and produces only 2% of its energy from renewable sources. These fossil fuels not only pollute, but also emit greenhouse gases that accelerate global warming.

Fortuño’s privatization effort had an additional powerful motivation: $7 billion in federal funds to be spent before time runs out under the Recovery and Reinvestment Act, known as ARRA funds enacted by then-President Barack Obama in 2009. make a. for purposes such as infrastructure.

According to the agency’s document obtained by the Puerto Rico Department of Justice (DJ), the governor pressed the decision-making framework of PREPA to access these renewable energy projects. Center for Investigative Reporting (CIJ). Without contract guidelines or a negotiating committee, the process was so quick that the government approved projects that exceeded PREPA’s energy capacity and promised to pay more than Puerto Rico’s power grid could use.

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