Renewables now generate half of Nicaragua’s electricity whereas just a few years ago they depended on importing oil from foreign countries. A huge step for Nicaragua- moving towards becoming a renewable energy powerhouse!
Wind farms now line the shores of Lake Nicaragua, solar panels catch the tropical sun, and geothermal plants draw power from molten rock from volcanoes.
In 2005 the government decided to put in a set of policies to allow for renewable energy projects to be developed as well as tax breaks to be put in place. As a result wind farms, solar farms, and geothermal plants have been popping up. Now they are no longer dependent on the fluctuations of the oil market and they have no more blackouts due to unreliability of the centralized grid because they are generating power from their own resources.
They hope to even be able to sell excess power to neighboring countries in the future!
Listen to the full interview at NPR