A German company plans to invest $100 million in energy projects in El Salvador

The commitment of the government of President Nayib Bukele to intensify energy generation through renewables has made more international companies want to invest in El Salvador. An example of this is the German company NOTUS Energy, one of the largest independent power generators in that European country.

Heiner Röger, CEO of NOTUS Energy, stated the company’s intention to invest $100 million in the development of clean energy projects in El Salvador. The German businessman’s announcement was made during a meeting he held with Foreign Minister Alexandra Hill last Tuesday.

«Many changes in recent years. They have done a lot in the security area. That convinced us that there are more opportunities here than in other countries we have seen. We are very convinced that coming here is a good choice. We have felt how they have supported us to invest here and do business», indicated the CEO of NOTUS Energy.

Chancellor Hill also thanked the representative of NOTUS Energy for his interest in investing in El Salvador and creating jobs and revitalizing the national economy.

«This investment represents the confidence that investors have placed in the government of President Bukele, who has reaffirmed his commitment through his National Energy Policy 2020-2050, a projection that will allow our economic recovery and the transition to renewable energies,» he said. the head of Salvadoran diplomacy.

Similarly, the official pointed out the government’s commitment to guarantee the supply and consumption of energy resources, under a sustainable, modern, efficient, and safe approach, with a projection for 30 years.

During the meeting, Chancellor Hill reiterated her commitment to support this investment project through the Embassy of El Salvador in Germany and the Directorate of Economic Relations of said state’s portfolio.

The meeting was also attended by the head of project development, Kira Kahmann; the ambassador of El Salvador in Germany, Florencia Vilanova de von Oehsen and officials from the Foreign Ministry.

For her part, the Vice Chancellor, Adriana Mira, assured that NOTUS Energy has become one of the main project developers and independent energy producers worldwide, having a presence in 14 countries, of which three belong to Latin America and 11 to Europe.

In addition, he indicated that they specialize in the production of renewable energy through the development of wind and photovoltaic farms, and their process ranges from the conceptualization of the project to its development and connection, operational management, as well as the development of solutions through artificial intelligence.

On the other hand, at present, the injection of renewable energies in El Salvador reaches 80% of the national electricity market.