Wind Energy in Nicaragua


when-the-wind-of-change__quotes-by-chinese-proverb-19The Central Bank (BCN) reported that Nicaragua’s oil bill was reduced by 11.2% last year, going from US$ 777.8 million dollars in 2015 to US$690 million in 2016. The reduction was due to a decline in international oil price and greater clean energy production in the country. Reducing fossil fuel consumption has been a priority of the Ortega government since it came to office amid an energy crisis in which the country suffered daily rolling black-outs. In conjunction with that priority, the Nicaragua Small and Medium Size Business Council (CONIMIPYME) and the Clean Energy Production Center (CPML) organized a workshop in Managua on Energy and Small Business Development. CONIMIPYME President Leonardo Torres said small businesses have a positive impact on the economy and it is important to provide training to promote greater use of renewable energy and more efficient use of electricity. (Nicaragua News, Feb. 13)

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