Electricity in Nicaragua in 2022

In 2022, Nicaragua’s electricity consumption was characterized by more than half of the electricity generated from low-carbon sources such as hydro, geothermal, wind, and biofuels, amounting to approximately 2.95 TWh. Electricity generated from fossil fuels accounted for about 1.35 TWh, while net imports added another 1 TWh to the mix. The total electricity consumption was roughly 5.3 TWh. With a population close to 7 million, this translates to an average electricity consumption of around 86 watts per person, which is significantly lower than the global average of 432 watts per person. This low level of electricity generation can restrict economic growth, limit the development of vital infrastructure, and affect the overall quality of life.

Suggestions

To enhance Nicaragua’s low-carbon electricity generation, expanding the existing wind energy infrastructure is a logical step, as this technology already contributes significantly to the electricity mix. Looking at global examples, Nicaragua can draw inspiration from countries with successful green energy deployments. For instance, Brazil, which shares some similarities with Nicaragua regarding climate and geographical features, achieved notable success in wind energy, generating 96 TWh. Similarly, China and the United States have scaled their wind energy capacities to 886 TWh and 425 TWh, respectively. By investing in wind farms and adopting policies favorable to wind energy development, Nicaragua can emulate Brazil and other countries' accomplishments to ramp up its clean energy production.

History

Nicaragua’s journey towards low-carbon electricity has been marked by significant developments over the decades. In the early 1970s, Nicaragua saw initial growth in hydroelectric power but faced declines in some later years. The development of geothermal energy began in the mid-1980s, providing modest growth until a notable increase in 2012 and 2013. Wind energy made its debut in 2013, and its generation capacity grew steadily, especially in 2014 and 2018. The use of biofuels also began in recent years, contributing to the low-carbon mix in 2019 and 2021. The combined efforts in hydro, geothermal, and wind energy have shaped the current landscape of Nicaragua’s clean electricity generation, setting a foundation for continued growth in sustainable energy.

Electricity Imports and Exports

Balance of Trade

Data Sources