Electricity in Costa Rica in 2023/2024

Costa Rica is a remarkable leader in the realm of low-carbon electricity, drawing approximately 87% of its electricity from clean sources from December 2023 to November 2024. More than half of its electricity is generated by hydropower, which accounts for nearly 65%, showcasing the country's abundant water resources and strategic investment in sustainable technologies. Geothermal energy, harnessing the heat from the Earth, contributes nearly 12% to the national grid, while wind power adds close to 10%. With fossil fuel-based electricity making up just under 11%, Costa Rica maintains its commitment to reducing carbon emissions and supporting environmental conservation efforts. Such impressive reliance on low-carbon electricity lays the foundation for the country's next journey to electrify transportation, heating, and industry sectors, which demand substantial amounts of clean electricity.

Suggestions

To further bolster its low-carbon electricity generation, Costa Rica might explore expanding the use of solar power. With its advantageous geographical location, the country could significantly increase its solar capacity, leveraging the relentless tropical sun. Additionally, investing in new technologies like energy storage could help manage supply and demand, particularly in balancing intermittent sources like solar and wind. Another promising path involves diversifying its energy mix by considering the introduction or expansion of nuclear energy, which can provide a stable and ample supply of clean electricity. Such strategies would fortify Costa Rica's exemplary environmental practices while preparing it for the increased electricity demand from a burgeoning clean-energy-driven economy.

History

Historically, Costa Rica has shown a consistent dedication to developing low-carbon electricity since the early 1980s, primarily with hydropower. The decade saw stable growth, bolstered by infrastructure investments that led to more frequent capacity expansions, notably with increases in hydroelectric generation in 1980, 1983, 1993, and through the late 1990s and early 2000s. Although there were temporary dips, such as in 1995 and 1998, these were usually followed by larger expansions, reinforcing its stability. Starting in the late 1990s, geothermal energy also began contributing, with notable growth in 1992 and again in 2019. The late 2010s saw wind energy making a tangible impact, with a significant increase in 2018. Although there have been occasional declines in hydroelectric output, particularly in 2023, Costa Rica's historic strategies demonstrate resilience and adaptability, fueling its ongoing mission for a broader and more inclusive clean energy future.

Electricity Imports and Exports

Balance of Trade

Data Sources