The country will invest the amount over the next eight years and has designed 10 projects to upgrade the national grid.
With all the factors affecting grid stability taken into consideration, it becomes easy to see why an aeroderivative gas turbine is a solid choice for Latin American power producers.
The federal government ordered the issue of US$4.5bn for renewable energy initiatives and US$73mn to finance transport infrastructure projects.
Gas-fired projects under development include Costa Norte in Panama and El Salvador's Energía del Pacífico.
The announcement follows the launch of the RenovAr Ronda 2 tender. Commercial lenders have balked at providing project financing for wind and solar farms in the country.
Young entrepreneur Csaba Sulyok has created an online platform that connects energy consumers to shared and remote solar power plants of up to 5MW.
The BNamericas Project Profiles Database features close to 100 early stage wind farms in the country.
The head of BHP's Minerals Americas division says the combination of declining ore grades and the impact of electric cars bodes well for the future of the red metal.
A landmark resolution published by the government will expedite the fulfillment of renewable portfolio standards for large-scale consumers, an expert tells BNamericas.