Saudi Fund for Development (SFD) has monitored opportunities in El Salvador in the fields of renewable energy, wastewater treatment, tourism, and road infrastructure, focusing on the border routes that link us with the Central American region. Seguir leyendo El Salvador and Saudi Arabia are strengthening their cooperation ties in order to carry out strategic projects.
Greater hydroelectric, geothermal, solar, and wind generation are the government’s big bets to achieve this goal, according to CEL president Daniel Álvarez. Seguir leyendo The government of El Salvador seeks to produce 99% renewable energy.
The English-Panamanian consortium InterEnergy was awarded the construction project for the geothermal plants in Chinameca and San Vicente. The projects will allow production to reach close to 220 megawatts and 30% of the national energy matrix. Seguir leyendo New geothermal plants will inject more clean energy into El Salvador.
“With this bet, the government hopes to benefit Salvadoran families’ pockets,” said Daniel lvarez. Seguir leyendo CEL bets on renewables to lower energy costs.
Green hydrogen is considered a global solution as it is a resource to replace fossil fuels. Seguir leyendo El Salvador will venture into the generation of green hydrogen, a renewable energy source.
The economic measures promoted by the government and the growth in the generation of renewable energy allowed the rates to remain stable during 2022. Seguir leyendo Salvadorans saved $33 million with the stabilization of energy prices in 2022.
Siget reported that the average price of energy to be transferred to the rate will have a reduction of 2.56% for this quarter, which will benefit the Salvadoran population. Seguir leyendo Electricity will be cheaper during Q1-2023 in El Salvador.
Last year, the main renewable energy generators were hydroelectric, geothermal, and solar, which supplied 83% of the electricity that reached Salvadoran homes. Seguir leyendo Renewable energy generation reached new highs in 2022.
New solar, geothermal, biogas, and hydroelectric projects will begin to be developed this year as part of the strategies to boost the sector. Seguir leyendo The government of El Salvador will add 122.8 megawatts more with new renewable projects.
CEL has programmed a budget of $428.4 million for 2023, an increase of 6% compared to what was requested in 2021. Seguir leyendo El Salvador will increase investment in renewable energy in 2023
