Nicaragua Energy Storage Policy Update Kigali

What is the national energy policy of Nicaragua?

The National Energy Policy of Nicaragua establishes a policy framework for the development and exploitation of renewable sources. The law sets the objective of prioritizing the use of renewable energy in the national energy mix and of stabilizing energy prices using renewables.

Are NGOs involved in rural energy issues in Nicaragua?

Numerous NGOs are involved in rural energy concerns in Nicaragua. In early 2020, Nicaragua began to plan for the creation of four state companies (Enigas, Eniplanh, Enicom, and Enih) to coordinate the importation, storage, distribution, and sales of oil and gas in Nicaragua.

What is Nicaragua's energy supply?

This page is part of Global Energy Monitor 's Latin America Energy Portal. As of 2020, renewables - including wind, solar, biofuels, geothermal, and hydro power - comprise roughly 77% of Nicaragua's total energy supply, with oil providing the remaining 23%.

What type of energy is used in Nicaragua?

As of 2020, Nicaragua had 1619 MW of installed capacity, with fossil fuels comprising 54.84% of the total, followed by biofuels (13.47%), wind (11.50%), hydro (9.72%), geothermal (9.46%), and solar (1.01%). The CNDC maintains up-to-date maps of electrical generation facilities and transmission lines in Nicaragua.

How can storage help meet policy objectives and overcome technical challenges?

It introduces the different ways in which storage can help meet policy objectives and overcome technical challenges in the power sector, it provides guidance on how to determine the value of storage solutions from a system perspective, and discusses relevant aspects of policy, market and regulatory frameworks to facilitate storage deployment.

Does Nicaragua produce oil?

Nicaragua does not produce oil. The country ranks 115th for oil consumption globally, consuming 37,000 barrels daily during 2016 (approximately 0.25 gallons per capita). In 2019, Nicaragua imported US$506 million worth of refined petroleum and US$254 million of crude petroleum, primarily from the United States and El Salvador.