Electricity in Nicaragua in 2022

In 2022, Nicaragua achieved more than half of its electricity generation from low-carbon sources. Biofuels, geothermal, wind, and hydropower contributed significantly to this clean energy mix, with biofuels accounting for almost a fifth, geothermal and wind each providing more than an eighth, and hydropower adding over a tenth. Fossil energy made up a quarter of the electricity generation, highlighting the ongoing challenge of reducing reliance on polluting sources. Net imports accounted for close to a fifth, which could be an area for improvement by increasing local clean electricity production.

Suggestions

To further enhance its low-carbon electricity generation, Nicaragua can focus on expanding its wind energy capabilities. Countries such as Denmark and Uruguay have seen tremendous success with wind energy, generating nearly 60% and a third of their electricity, respectively, through this sustainable source. By investing in efficient wind infrastructure and technology, Nicaragua could emulate these successes and decrease its dependency on fossil fuels and potentially reduce reliance on electricity imports. Furthermore, although nuclear energy is not currently part of Nicaragua's mix, learning from countries like France and Slovakia, where over two-thirds and close to two-thirds of electricity comes from nuclear power, could provide valuable insights for considering this clean energy option in the future.

History

The history of low-carbon electricity in Nicaragua shows a steady development, particularly in the last few decades. In the late 20th century, geothermal energy began to emerge, with notable increases in the mid to late 1980s and early 90s. Similarly, hydropower has seen fluctuations but registered growth in the 2000s and 2010s. Wind energy made a noteworthy entrance in 2013 with subsequent increments, marking a new chapter in Nicaragua's low-carbon journey. The consistent advancements in these technologies highlight Nicaragua's progress towards a cleaner electricity future, needing ongoing commitment and expansion to reduce fossil fuel use and combat climate change.

Electricity Imports and Exports

Balance of Trade

Data Sources